Hospitality Industry News
Wheelock, tycoon offer to buy Singapore's Hotel Properties
1A consortium that includes Singapore tycoon Ong Beng Seng and Wheelock Properties (Singapore) Ltd (1) offered on Tuesday to buy Hotel Properties Ltd (1) for S$3.50 per share, valuing the company at around S$1.8 billion ($1.4 billion). The move is the latest in a string