US Boost Helps Singapore Eye Asian Prospects

27th March 2008 (Last Updated March 27th, 2008 11:39)

Singapore has teamed with US investor Host Hotels & Resorts to come up with a US$2bn joint venture to purchase resorts throughout Asia and Australia. According to reports, an initial spend of US$600m will allow the fund to grow, with Singapore owning 75 percent of the investment.

Singapore has teamed with US investor Host Hotels & Resorts to come up with a US$2bn joint venture to purchase resorts throughout Asia and Australia.

According to reports, an initial spend of US$600m will allow the fund to grow, with Singapore owning 75 percent of the investment.

By staff writer