S'pore tycoon grabs slice of US hotel pie

S'pore tycoon grabs slice of US hotel pie
Mr Tan Boy Tee’s Bestford Capital teamed up with Westmont Hospitality to submit the winning bid. The US’ Westmont Hospitality is retaining a minority stake and continues to operate the 10,715-room Red Roof Inn portfolio.
PHOTO: The Straits Times
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