Singapore—Raffles Holdings Ltd, best known for its 115-year-old Raffles Hotel in central Singapore, wants to add hotels in Tokyo, Shanghai and Hong Kong, part of a plan to double its rooms to 25,000 in the next three years - Brief Article

Business Asia, August, 2002

Singapore--Raffles Holdings Ltd, best known for its 115-year-old Raffles Hotel in central Singapore, wants to add hotels in Tokyo, Shanghai and Hong Kong, part of a plan to double its rooms to 25,000 in the next three years. "These are cities with the critical mass and are destinations that, as an international hotel company, are very important to us," Richard Heifer, Raffles' chief executive, said.

Expansion across north Asia would follow the chain's March push in Europe where it renamed hotels it owns--including Brown's in London and Germany's Vier Jahreszeiten--under the brand named for Singapore founder, Sir Stamford Raffles.