Tuesday, September 30, 2008

HPL Unit To Manage Le Meridien

Source : The Business Times, September 30, 2008

HOTEL Properties Ltd (HPL), through wholly owned HPL Hotels & Resorts, is taking over management of the Le Meridien Singapore hotel tomorrow and rebranding it Concorde Hotel Singapore, in line with plans to establish the brand in more markets.

This is HPL Hotels & Resorts' fourth Concorde hotel but its first in Singapore, as the other three are in Malaysia. The company is looking to expand the brand in other markets such as Thailand, Indonesia and India.

Le Meridien's management contract with Starwood Hotel & Resorts Worldwide ends today and the four-star business hotel will carry the Concorde name from tomorrow.

When contacted, a spokesman for HPL Hotels & Resorts declined to comment on the value of the deal, saying only that it was a 'substantial amount'.

The 417-room hotel will undergo renovations in several phases, to minimise disturbance to its guests, starting from November.

The refurbishment works are slated for completion in the first quarter of 2010.

Andrew Khoo, newly appointed general manager, said: 'These will be exciting and challenging times for the Concorde brand and the HPL group as a whole as we move forward with our plans to expand the brand in Singapore and the region. Guests familiar with the Concorde brand have always associated it with quality and good service.'

HPL Hotels & Resorts is headquartered in Singapore.

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