Singapore Based KOP Capital Invests in Stein Group
Plans to Expand in Luxury Hotels
NEW YORK, NY, September 19, 2008. KOP Capital Pte Ltd recently acquired a 50% stake in Stein Group International, parent company for one of the fastest growing portfolios of integrated companies in the luxury travel and leisure sector. This investment, worth US$250 million, marks the local real estate company's foray into the global property arena, reaching across Europe and North America. With KOP Capital's participation, Stein Group International will extend its brands into Asia by 2010, including Singapore, China, Indonesia and Thailand.
Under Stein Group International's "Stein Hotels and Resorts" brand, there are 15 hotels, 12 operating and three under development in seven European countries. In 2005, "Luxury Lifestyle Hotels and Resorts", a unique reservation system for over 125 small luxury hotels in Europe, was created. LUX magazine was subsequently established by Stein as an in-room reading material to showcase elements of the luxury lifestyle.
"Singapore and Asia play very strategic roles in propelling KOP Capital towards the global property space. We recognise the growth of global wealth and affluent individuals around the world, and coupled with our understanding of this segment, we can elevate luxury living to a new stratum by establishing the "Stein" brands in Asia. In two years, guests will be able to enjoy the exceptional level of service and quality in Asia, be it during their stay in Stein Hotels and Resorts, or Stein Restaurants," said Ms Ong Chih Ching, Founder and Group CEO of KOP Capital.
Established by Mr David Stein, Founder and Chairman, and headquartered in Barcelona, Stein Group International has been focusing on the development and operation of a collection of small, luxury hotels located in the Northern Mediterranean and in selected European capitals.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
