Following the completion of the acquisition of Pan
Pacific Hotels and Resorts Pte Ltd from Tokyu Corporation, Pan Pacific
Hotels and Resorts is now fully assimilated into the hotel division of
the UOL Group.UOLG’s hotel division currently owns 13 hotels and Pan Pacific Hotels
and Resorts will add a further 11 hotels in America, Bangladesh, Canada,
Indonesia, Malaysia, Palau, the Philippines, Singapore and Thailand.
  “We are pleased to have concluded the purchase of this upscale brand
and believe this strategic investment will further UOLG’s aim to be a
global hospitality management company. We are confident that the synergies
of the acquisition will help both UOLG and Pan Pacific Hotels and Resorts
grow to new heights.” said Mr. Gwee Lian Kheng, President and CEO of UOL
Group Limited.
  “We are excited to be part of the UOL Group and this marks a new
chapter for the company and the brand. With UOL Group’s commitment,
resources and support, Pan Pacific Hotels and Resorts will now be able to
chart a future that will see the brand reaching its potential. We will be
working closely with UOLG to roll out brand initiatives and establish a
stronger presence in the marketplace,” added Kevin Croley, Vice President
of Sales and Marketing, Pan Pacific Hotels and Resorts.
  Pan Pacific Hotels and Resorts, together with UOLG, will allocate
considerable resources and effort to augment Pan Pacific Hotels and
Resorts’ portfolio across the Pacific Rim. Foremost in the plans is the
establishment of a significant presence in key cities on the West Coast of
America, Japan and China. Pan Pacific Hotels and Resorts will also be
expanding its product range further into the leisure market as well as the
extended stay market.
  Pan Pacific Hotels and Resorts will be even more committed to its
guests and hotel partners. Apart from strengthening and expanding Pan
Pacific Hotels and Resorts’ sales and marketing offices worldwide, there
will be an emphasis to drive greater profitability for its hotel owners.
Guests staying at Pan Pacific hotels and resorts can look forward to
product and service enhancements which will make their stay even more
memorable.
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