ICP acquires Geo Hotel property and business in KL for S$27.5m

SINGAPORE (Sept 18): ICP is acquiring the land, building and business of Geo Hotel in Kuala Lumpur for a total of S$27.5 million (RM85.6 million) to rebrand it into a Travelodge hotel.

ICP says the proposed acquisition will enable the group to expand its Travelodge hotels in Asia from four hotels in Hong Kong and Thailand.

At present, Geo Hotel is a premium economy hotel consisting of a commercial freehold land measuring... (Click here to read the full story.) — theedgemarkets.com

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