Three Singapore-listed firms acquire Holiday Inn Express property in UK

Three Singapore-listed companies — Heeton Holdings Limited, KSH Holdings Limited, and Lian Beng Group Ltd — have acquired Holiday Inn Express, a hotel property in Manchester, UK, through a joint venture firm Prospere Hotels Pte Ltd, according to a press release.

Heeton, KSH and Lian Beng now own 30 per cent, 30 per cent, and 40 per cent of the hotel property respectively. This is the fifth joint acquisition in the UK by the three companies. The amount was not disclosed.

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