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Keppel Land acquires Shanghai mall

KEPPEL Corp's real estate subsidiary Keppel Land China is acquiring a newly completed retail development in Shanghai's Jiading District for 500 million yuan (S$102 million). The retail development has a gross floor area of 40,927 square metres (sqm) and a net lettable area of about 32,800 sqm. It is part of a mixed-use development comprising offices, shops and residential towers. Keppel Land Reta...


Marriott to add 1,300 rooms in Singapore

Marriott International is bullish about its prospects in Singapore and plans to add more than 1,000 rooms to its local portfolio in the coming years. It said it could create as many as 2,000 jobs in the next three to five years to support the expansion. Marriott operates 11 hotels in Singapore, following the completion of its $13 billion acquisition of Starwood Hotels & Resorts Worldwide last Fr...


Post-merger Marriott can better bargain with online travel agents

THE greater clout that Marriott International now has, following the completion of its US$13 billion acquisition of Starwood Hotels & Resorts last Friday, will give it bargaining power when negotiating fees with online travel agencies like Expedia. In a media interview on Monday, Craig Smith, president and managing director of Marriott International Asia Pacific, said: I think you are going to fi...


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