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Singapore billionaires sell Mandurah Hotel to Acure for 18% above value - Vimarsana News

Singapore billionaires sell Mandurah Hotel to Acure for 18% above value

Australia’s Acure Asset Management bought Mandurah’s Sebel Hotel, from Chip Eng Seng for $18 million. The deal represents a $3.3m windfall for the Singaporeans.

Chip Eng Seng Sells Australian Hotel Amid Buyout - Vimarsana News

Chip Eng Seng Sells Australian Hotel Amid Buyout

Gordon and Celine Tang's Chip Eng Seng has agreed to sell the Sebel Mandurah hotel in Australia to Perth-based Acure Asset Management.