It has received acceptance from two landlords to convert the space into co-living hotels – one in Tanjong Pagar and another along South Bridge Road. Straits Organization is also currently negotiating two more potential locations in Singapore and Hong Kong.
SINGAPORE (Dec 10): Katrina Group, the F&B group, is acquiring the entire issued share capital of Straits Organization, a provider of affordable and diverse accommodations for a consideration of $358,000.
Founded in Dec 2017, Straits Organization provides accommodation solutions targeted at millennial travellers, corporate expatriates, medical tourism and new market segments such as technopreneurs. It currently manages approximately 125 units in 15 different apartments and condominiums across Singapore.
