Singapore's Kum family considers Novotel Langley Hotel buy

Singapore’s Kum family is reportedly looking to acquire the Novotel Langley Hotel in Perth. If the deal goes through, more than $80 million could change hands for the property.

The 256-room hotel is controlled by funds management group Alceon, which arranged a capital restructure for the property three years ago, carving it off from a larger $800-million portfolio. The remainder of the portfolio was bought by the Abu Dhabi Investment Authority from the private Tourism Asset Holdings Limited. 

The Kum family has been busy in Australia this year. Earlier this year, the family scrapped its $1.5-billion sale of the bulk of its M&L Hospitality hotels portfolio in spite of "hefty offers" for its key properties.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


These include one of Sydney’s largest hotels—the Four Points by Sheraton Sydney, which is being remade into a major hotel and office complex. The 2,089-room M&L portfolio also included the Travelodge Docklands in Melbourne, the Hilton Auckland, Christchurch’s Chateau on the Park, and Sydney’s Swissotel. The Travelodge Docklands is reportedly on the market for more than $100 million through Colliers International.

The family decided to retain its hotel empire across Australia and New Zealand as values in the sector surged, particularly in Sydney, where the group is overhauling one of the city’s largest hotels, the Four Points by Sheraton Sydney, into a Hyatt Regency.

Suggested Articles

The November edition of PwC’s "U.S. Hospitality Directions" suggests the second half of 2021 may bring some recovery for the industry.

These key technologies can help hoteliers meet the needs of the pandemic holiday traveler.

Hotels in Chicago, Dallas and Florida's Palm Beach are underway and slated to open over the next two years.