
Jennie Chua for Ascott, Ascott for Munich
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Pitch for the management

Sold: The famous Raffles Singapore
Singapore. The US investment fund Colony Capital, LLC, announced this week that it has entered into an agreement to purchase all of the hotel interests of Raffles Holdings Limited, comprised of 15 Raffles Hotels & Resorts and 26 Swissotel Hotels & Resorts in 35 destinations, for approximately one billion Dollars. With the Raffles purchase, Colony Capital is presented with the opportunity of solving a long standing problem - namely, the search for a management company for its own real estate interests.
The Swissôtel Deal is almost digested
Berlin/Singapore. Jennie Chua, President and Chief Operating Office of Raffles International Limited discusses the integration of the Swissôtel group and the further expansion of Raffles International with Maria Puetz-Willems at the ITB 2002.
Ascott in Dubai
Dubai. The Singapore-based serviced residence companies Ascott Group has launched its first Middle East property - Somerset Jadaf, Dubai. The Ascott Group, which operates 16,000 serviced residence units in key cities of Asia Pacific, Europe and now Dubai, plans more properties in pan-Arab markets as part of its Middle East foray.
