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Chip Eng Seng to provide management services to hotels and serviced residences via JV as an IPT

Felicia Tan
Felicia Tan1/31/2022 2:1 PM GMT+08  • 3 min read
Chip Eng Seng to provide management services to hotels and serviced residences via JV as an IPT
Shares in Chip Eng Seng closed 0.5 cent higher or 1.18% up at 43 cents on Jan 31.
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CES Hospitality, the wholly-owned subsidiary of Chip Eng Seng Corporation, has entered into a joint venture (JV) with Ariva Hospitality on Jan 31, forming the joint venture company (JVC) CES-Ariva Hospitality.

Ariva Hospitality is a Singapore-incorporated company that is also in the hospitality management business with a particular focus on serviced residences.

The JV will provide management services to hotels and serviced residences as well as provide technical consultancy, advisory services and marketing services to the hotels and serviced residences.

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