It will then outsource the operations of the hotels to a third-party operator, or, manage them on its own.
The hotels are expected to commence operations by first quarter next year, says Pollux on Sept 11.
According to Pollux, the acquisition of these three hotels will help expand its investment property portfolio overseas and improve the stability of its investment property income, and generate increased investors’ interest in the company.
"This could in turn, lead to better share value and increased value for shareholders," the company says.
See also: Apac CRE investment falls 19% y-o-y in 2Q2025 but Singapore deal activity rises
Pollux Properties shares closed at 5.2 cents on Sept 9, down 10.34% for the day.
Scroll to continue
