Ascott Buys Into Indonesian Group Tauzia
Category:
Hotels, Posted:18 Sep 2018 | 06:44 am
Consolidation in the hospitality sector is continuing back of news that Singapore’s Ascott is transacting a 70% shareholding in Indonesia’s Tauzia Hotel Group through its holding company Green Oak for USD26 million.
Tauzia was founded by former ACCOR executive Marc Steinmeyer, and has a portfolio of 122 properties with nearly 20,000 rooms through Indonesian, Vietnam and Malaysia.
The group’s key brands include Harris, Pop! and Yello.
Ascott, as are one of the many international serviced apartment groups that are trying to edge into the hotel space given Asia’s broad tourism boom.
SIGN UP FOR C9 INSIDER NEWS
Other News
Read more
C9 Hotelworks Releases Bangkok Serviced Apartment Market Update
Category: Hotels|Tourism, Posted:08 Mar 2025 | 09:17 am According to C9 Hotelworks new Bangkok Serviced Apartment Market Update 2025 report, operators are seeing a surge in short-term demand, despite a rising influx of expatriates. Bangkok’s serviced apartment market has expanded at a 6.2% compound annual growth rate (CAGR) over the past decade, driven by the expansion of international brands such as The Ascott […]Read more
