Billionaire Bachtiar Karim's Invictus Expands Australia Hotel Footprint
Indonesian billionaire Bachtiar Karims Invictus Developments is expanding its hotel footprint Down Under amid a tourism boom.
Source: forbes.com
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Singapore-based Invictus Developments purchases The Old Clare Hotel in $61.8 million deal
Sydney’s The Old Clare Hotel will be under new management in 2024 following the AU$61.8 million purchase of the hotel by Singapore-based Invictus Developments.
Source: hotelmanagement.com.au
Asia's Billionaires Ramp Up Hotel Investments In Singapore Amid Post-Pandemic Travel Boom
At least 10 billionaires, including the likes of Hong Kong’s Pansy Ho and Indonesia’s Sukanto Tanoto, are now investing more than S$6 billion ($4.4 billion) to build new hotels and expand their operations across the city-state.
Source: forbes.com
Indonesia's Karim family to convert Sydney office tower into luxury hotel, buys Brisbane boutique hotel
The Karim family pays hugely discounted $52.5m for the former Bank of China building near Wynyard Station and will spend $30m turning it into a luxury hotel.
Australian Capital Territory New South Wales United Kingdom James Aroney Nathan Mufale Chayadi Karim
Source: afr.com
HVS Asia Pacific Hospitality Newsletter - Week Ending 14 April 2023
Invictus Developments Has Acquired Quest Woolloongabba in Brisbane for AUD 43.8 Million
Source: hospitalitynet.org
The Standard lands in Singapore in 2023
The Standard continues its expansion into key markets in Asia with the announcement of The Standard, Singapore
Krung Thep Mahanakhon Amar Lalvani Standard International Southeast Asia Hua Hin Invictus Developments
Source: traveldailymedia.com