Singapore's Richest 2019: Shipping Magnate Builds $1.6 Billion Hotel Empire [Forbes]
Colliers International Group Inc. - Subordinate Voting Shares (CIGI)
Last colliers international group inc. - subordinate voting shares earnings: 4/28 07:00 am
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Source: Forbes
Singapore's Richest 2019: Shipping Magnate Builds $1.6 Billion Hotel Empire Courtesy of M&L Hospitality This story is part of Forbes' coverage of 2019. See our full coverage here. Singapore shipping magnate Michael Kum had just retired with $350 million in the bank in 2009 when, casting about for investment ideas, he visited Sydney’s 630-room Four Points by Sheraton overlooking Darling Harbor. Determined to buy it, he paid $170 million for it after months of negotiations. “It was like putting money in a casino,” Kum recalls. “After 30 years of hardship, I was putting so much of my savings into this. There was no guarantee that I was going to make it.” But he did. Over the next few years, he snapped up hotels across Australia, Japan and Singapore. That was the start of what is now an estimated $1.6 billion hospitality empire, with nearly 5,400 rooms in 19 hotels spanning 12 cities around the globe, from Auckland to Scotland’s Aberdeen. Kum’s company M&L Hospitality—named for him and h
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CIGI
News
- Colliers International Group Inc. (NASDAQ: CIGI) had its price target lowered by analysts at Royal Bank of Canada from $150.00 to $145.00. They now have an "outperform" rating on the stock.MarketBeat
- Colliers Reports First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Colliers Reports First Quarter Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Colliers Reports First Quarter ResultsGlobeNewswire
- Zillow (Z) Meets Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
CIGI
Earnings
- 5/2/24 - Miss
CIGI
Sec Filings
- 5/2/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/2/24 - Form 6-K
- CIGI's page on the SEC website