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The Shangri-La Hotels and Resorts is a hotel chain based in Hong Kong. It is the largest Asian-based deluxe-hotel group in the region. The Hotel chain happens in 1971, with its first hotel in Singapore and now has 55 deluxe hotels and resorts located in key Asian, Australian and Mid Eastern cities with a hotel-room inventory of over 27,000.

NEWCRESTIMAGE HAS SOLD most of its hotel portfolio, along with some other properties, in a $822 million transaction with Summit Hotel Properties. Dallas-based NewcrestImage will remain invested in Summit and will own and operate two historic hotels it recently acquired and plans to make new acquisitions in the future. The definitive contribution and purchase agreement includes 27 hotels with 3,709 guestrooms for $776.5 million, or $209,000 per key. It also includes $24.8 million for two parking structures and $20.7 million for the various financial incentives through Summit's joint venture with Singapore-based sovereign wealth fund GIC, made in 2019 to acquire hotels in the U.S. "NewcrestImage has assembled a collection of high-quality distinctive Marriott, Hilton, Hyatt, and IHG hotel properties throughout the Sun Belt region, which will be a great addition to Summit's portfolio," said Mehul Patel, NewcrestImage's managing partner and CEO. "As we will become one of Summit's largest shareholders, we have confidence in Summit as one of the industry's leading owners with a highly regarded public platform. We believe the two portfolios create an excellent combination of hotels that have tremendous growth potential and are well-positioned to create long-term shareholder value as the lodging recovery continues."

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NEWCRESTIMAGE HAS COMPLETED its sale of 27 hotels to Summit Hotel Properties it first announced in November. The Dallas-based company, led by Mehul Patel as managing partner and CEO, also contracted with Aimbridge Hospitality to manage the hotels and will become a minority shareholder in the management company. The initial closing includes 26 existing hotels with 3,533 guestrooms, with final closing on the currently under construction 176-room Canopy by Hilton New Orleans expected to be completed in the first quarter, according to the company. It also includes two parking structures. The transaction costs $776.5 million for the hotels, or $209,000 per key. It also includes $24.8 million for the two parking structures and $20.7 million for the various financial incentives through Summit's joint venture with Singapore-based sovereign wealth fund GIC, made in 2019 to acquire hotels in the U.S.

Singapore Trip Planner: Here is the best way to plan a trip to Singapore on your own. Decide days, select attractions to visit, choose flights, hotels. Get you trip to Singapore itinerary!

Singapore Trip Planner: Here is the best way to plan a trip to Singapore on your own. Decide days, select attractions to visit, choose flights, hotels. Get you trip to Singapore itinerary!

Jobs Abroad, Work Abroad, International Jobs Online - Singapore Airlines has founded 69 years ago May 1, 1947, as Malayan Airways and it commenced operations October 1, 1972. Singapore Airlines uses the Singapore Girl (SIA uniform since 1972) as their central figure in its corporate branding. Singapore Airlines is the flag carrier of the Republic of Singapore and it ranks amongst the top 15 air carriers worldwide in terms of the scale of revenue-passengers-kilometers. It is also 10th in the world for the volume of International passengers carried and one of the largest airline businesses in Asia.

Experience Asia in its very true and modern way when you visit this Young, Vibrant and one of the world's modern city called Singapore. Get your Cheap Holidays to Singapore now, call 02071830077.Holidaymood is a UK based travel agency that has offers on Singapore from flight to hotels to package deals.

DALLAS-BASED INVESTMENT firm NewcrestImage became the second largest shareholder in TiffinLabs, a Singapore-based food tech company which operates food delivery-focused virtual restaurant brands, a statement said. Founded in 2020, TiffinLabs introduced numerous virtual brands across Singapore and Malaysia. It started U.S. expansion in Dallas in 2021 and now operates in Chicago, Detroit, Knoxville, and Charlotte. By 2023, it expects to have 1,000 digital storefronts globally and to be operating in 30 U.S. cities. "TiffinLabs offers hotels and restaurants a low cost, turn-key source of incremental revenue for post-pandemic recovery, while for us as investors, TiffinLabs represents a strategic opportunity for long-term growth," said Mital Patel, managing partner of NewcrestImage. Because of the company's shareholder position, Patel now becomes a board member of TiffinLabs.

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Finding a romantic place to spend your romantic weekend with your dear one is a rare occasion and it is equally important for you to spend your extra time to do a thorough research before finalizing a place for your romantic holiday.

Wake up to the greenery of Equarius Hotel's lush rainforest view. Then tuck into a hearty American Breakfast at Forest restaurant. Here are three reasons to check into Resorts World Sentosa's Equarius Hotel.

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American rock band Boys Like Girls dropped by Singapore recently and here's what they have to say about the sunny island!

Korean girl group 4Minute was in Singapore recently - what do they have to say to their fans?

We love massages and have tried a few spa treatments, but never in a spa as famous as ESPA. And since we got to know that ESPA at RWS has Japanese-inspired outdoor onsen pools, we'd been waiting for an opportunity to experience them as well as the first-in-Singapore "Indulgence Hammam Ritual". How did the experience go?

Fancy a tranquil environment surrounded by lush greenery where you can retreat to unwind, relax and forget time? Check out ESPA at RWS, located next to the resort's Equarius Hotel and Beach Villas.

Spending a day out with the kids? Most plans fall through the moment they start screaming for that cute soft toy. For those with children (up to the age of 10), we have some tips for you!

When we first heard about the Tree Top Lofts, we immediately imagined the hastily put-together, slightly ramshackle tree houses of early childhood stories. Of course we knew this wouldn't be the case; after all, the Lofts are set to deliver a 5-star "back to nature" experience. So what really is in store?

In town to promote Asia's Next Top Model, the latest adaptation of the 38-year-old's successful franchise, we had a chance to get up close and personal with the California-born celebrity - without getting starstruck. And here's how we did it.