Singaporean billionaire Ong Beng Seng's Hotel Properties Limited (HPL) is expanding to New Zealand with a blockbuster NZ$180m (AU$162m) deal that will mark the nation’s largest-ever hotel sale. HPL’s wholly owned subsidiary, Maxford Investments, has entered into an agreement to acquire the InterContinental Auckland from New Zealand-based Precinct Properties Group. The purchase will be funded […]
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