UOL Group

#2751

Rank

$4.33B

MarketCap SG

SG Singapore

Country

Summary
UOL Group Limited primarily engages in property development and investment, and hotel businesses. Its property development projects include residential units, commercial offices, shopping malls, and hotels and serviced suites. The company also owns and/or manages approximately 30 hotels, resorts, and services suites under the Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL brands in Asia, Oceania, and North America with approximately 10,000 rooms in its portfolio. In addition, it is involved in the rental and management of serviced suites; leasing of commercial properties and serviced suites; operation of restaurants; and management and operation of health and beauty retreats and facilities. Further, the company engages in the retail of computer hardware and software, as well as provision of systems integration and networking infrastructure services; property trading business; management and licensing of trademarks; and business development activity. Additionally, it provides treasury, retail management consultancy, project and property management, property management agency, and trustee services; technical, accounting, administrative, and marketing and related services to hotels and serviced suites; and information technology-related products and services, as well as invests in quoted and unquoted financial assets. It has operations in Singapore, Australia, Vietnam, Malaysia, the People's Republic of China, Myanmar, the United Kingdom, and internationally. The company was formerly known as United Overseas Land Limited and changed its name to UOL Group Limited in 2006. UOL Group Limited was incorporated in 1963 and is based in Singapore.

History

The brand name "Pan Pacific Hotels" was born when Japanese conglomerate Tokyu Group established its new marketing identity and sales network for its hotels in 1975, under Tokyu Hotels International. The first Pan Pacific hotel established was Sari Pan Pacific in Jakarta, which was opened in 1976.

It established the Emerald Management Company to manage its hotels in Hawaii and California in 1983, and in the same year, the Traveller's Palm logo was born. In 1986, Pan Pacific Vancouver and Pan Pacific Singapore were opened. Tokyu Hotels International and EMC merged to become Pan Pacific Hotels and Resorts, and in 1989, the Traveller's Palm logo became the company-wide mark for the hotel group.

In 2007, UOL Group Limited acquired Pan Pacific Hotels and Resorts from Tokyu, and renamed it to Pan Pacific Hotels Group. In 2007, Pan Pacific Hotels and Resorts became a founding member of the Global Hotel Alliance, the world's largest alliance of independent hotel brands comprising more than 30 member brands with over 550 upscale and luxury hotels with 110,000 rooms across 76 countries.


Mission
UOL Group is dedicated to creating value for our stakeholders and enhancing stakeholder returns, through profitable and sustainable operations, strategic expansion, innovation, and excellence in all aspects of real estate, hospitality and related services.

Vision
UOL Group’s vision is to be a leader in the region’s property industry, providing trustworthy and sustainable solutions for current and future generations.

Key Team

Ms. Sarah Ng (Assistant Gen. Mang. of Corp. Communications)

Mr. Sien Seu Yeong LLB (Hons) (Chief Legal Officer & Company Sec.)

Mern Ye Tai (Gen. Mang. of Human Resource)

Mr. Peng Sum Choe (Chief Exec. Officer of Pan Pacific Hotels Group Limited)


Recognition and Awards
UOL Group has won various awards for its excellence in the property and hospitality sectors, including the accolade of 'Asia's Best Managed Property Company' in the Asian Property & Investment Magazine Awards in 2005 and 2007, and Framework Awards for 'Commitment to Excellence' in 2005, 2006 and 2009.

References
UOL Group
Leadership team

Mr. Wee Sin Liam (Group Chief Exec. & Exec. Non Independent Director)

Mr. Bing Seng Kwa (Chief Financial Officer)

Mr. Soon Hup Neo (Chief Operating Officer)

Products/ Services
Property Development, Property Management, Real Estate
Number of Employees
1,000 - 20,000
Headquarters
Singapore, Central Region, Singapore
Established
1935
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
U14.SI
Social Media
Sun Mar 03 2024
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