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Billionaire Bachtiar Karim's Invictus Expands Australia Hotel Footprint

Published: March 27, 2024

Indonesian billionaire Bachtiar Karim's Invictus Developments is expanding its hotel footprint Down Under amid a tourism boom.

Source: forbes.com

Singapore-based Invictus Developments purchases The Old Clare Hotel in $61.8 million deal

Published: October 31, 2023

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

Published: September 20, 2023

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