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HVS Asia Pacific Hospitality Newsletter – Week Ending 22 April 2022

April 26, 2022

The joint venture of the Singapore-based Hotel Properties Limited (“HPL”) and Singapore-based Como Holdings Pte Limited (“CHPL”) has sold Hilton London Olympia (“HLO”) and its operating company for GBP40.8 million to an undisclosed buyer. HLO is located at London’s Kensington High Street, minutes away from the Olympia Exhibition Centre and the Kensington (Olympia) Station. The 405-key property features three food and beverage outlets, eleven meeting rooms that span over 910 square metres, a fitness centre, and a business centre. The sale of the ownership interest will realize a gain of approximately SGD29 million for HPL group.

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