Singapore-based KOP Capital Pte has acquired a 50 per cent stake in the Stein Group International (SGI), the parent company of a portfolio of integrated companies in the luxury travel and leisure markets.KOP Capital Pte has invested a total of US$250m (176.5m euro, £140.2m) in the deal, which will enable SGI to extend its brands into Asia by 2010, to include properties in Singapore, China, Indonesia and Thailand.

There are currently 15 hotels in total – many with wellness facilities – under SGI’s Stein Hotels and Resorts brand in seven European countries. Details: steinhotels.com