Property developer Oxley Holdings entered into a joint venture agreement with Metro Global to provide hospitality services.
To be known as Metro Global Solutions (MGSPL), the joint venture company will be equally owned by Oxley and Metro Global.
Metro Global will manage the business operations and financials of MGSPL, including the provision of personnel support and preparation of annual operating budget. MGSPL will start operations in managing a portfolio of properties which will be provided or solicited by Oxley.
Oxley says the hospitality services joint venture will enhance Oxley’s existing portfolio of property development and property investment as well as project management and consultancy.
Headquartered in Singapore, Metro Global has over 50 years of hospitality industry experience and currently manages about 4,352 keys which is US$1 billion ($1.4 billion) in assets. It also has several projects in preliminary stages of development Metro Global has operations throughout Asia Pacific, Europe, Middle East and North America.
Metro Global’s diverse business portfolio includes hotel management, asset management, property management, hospitality services, procurement services, information technology solutions and hospitality education.
Oxley last traded at 44 cents.
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To be known as Metro Global Solutions (MGSPL), the joint venture company will be equally owned by Oxley and Metro Global.
Metro Global will manage the business operations and financials of MGSPL, including the provision of personnel support and preparation of annual operating budget. MGSPL will start operations in managing a portfolio of properties which will be provided or solicited by Oxley.
Oxley says the hospitality services joint venture will enhance Oxley’s existing portfolio of property development and property investment as well as project management and consultancy.
Headquartered in Singapore, Metro Global has over 50 years of hospitality industry experience and currently manages about 4,352 keys which is US$1 billion ($1.4 billion) in assets. It also has several projects in preliminary stages of development Metro Global has operations throughout Asia Pacific, Europe, Middle East and North America.
Metro Global’s diverse business portfolio includes hotel management, asset management, property management, hospitality services, procurement services, information technology solutions and hospitality education.
Oxley last traded at 44 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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