SG's ZEN Rooms closes additional investment from South Korea's Yanolja

Singapore-headquartered budget hotel chain ZEN Rooms has secured an undisclosed amount of additional investment from South Korean motel operator and existing backer Yanolja, the former said in a statement.

Yanolja, which is backed by Singapore wealth fund GIC Pte and Booking Holdings, also announced that it has upped its holding in ZEN Rooms by purchasing an additional stake in the company from fellow backer Asia Internet Holdings, a joint venture of Rocket Internet and Ooredoo Telecom.

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