Rendezvous Hospitality Group has indicated that it would not be averse to further Australian property investment.
The Singapore hotel group already owns ten hotels in both Australia and New Zealand, but has hinted that it may have an interest in expanding its portfolio further.
Speaking to the Australian, chief executive of the group Iqbal Jumabhoy explained that the company also has plans to invest money in upgrading existing property.
He told the newspaper: "We will be introducing a number of unique initiatives [to] address both the hardware and the services that the sophisticated business traveller is seeking."
Mr Jumabhoy added that the firm is also "open to buying more assets" in the country.
Meanwhile, the Australian government has signalled its keenness to attract further foreign investment by removing the cap that prevents foreign investors from owning more than 25 per cent of a company.
At the current time, this reform would only apply to the national airline Qantas.
The Singapore hotel group already owns ten hotels in both Australia and New Zealand, but has hinted that it may have an interest in expanding its portfolio further.
Speaking to the Australian, chief executive of the group Iqbal Jumabhoy explained that the company also has plans to invest money in upgrading existing property.
He told the newspaper: "We will be introducing a number of unique initiatives [to] address both the hardware and the services that the sophisticated business traveller is seeking."
Mr Jumabhoy added that the firm is also "open to buying more assets" in the country.
Meanwhile, the Australian government has signalled its keenness to attract further foreign investment by removing the cap that prevents foreign investors from owning more than 25 per cent of a company.
At the current time, this reform would only apply to the national airline Qantas.
