Search
Close this search box.

Ong Beng Seng to Step Down as Managing Director of Hotel Properties Limited After 45 Years

Ong Beng Seng steps down as Managing Director of Hotel Properties Limited after 45 years due to health concerns.

Singapore – Hotel Properties Limited (HPL) enters a new era as billionaire founder Ong Beng Seng prepares to step down as managing director at the upcoming annual general meeting on April 29. Ong’s departure closes a 45-year chapter in which he led the company since its inception in 1980 and shaped it into a global luxury hospitality powerhouse.

Ong exits as he faces legal proceedings tied to one of Singapore’s most high-profile political scandals. The 79-year-old Malaysian tycoon plans to plead guilty later this month to a charge of obstructing justice in connection with the corruption case involving former transport minister S. Iswaran. Authorities accuse Ong of giving Iswaran lavish gifts, including flights and hotel stays. A court sentenced the former minister in October 2024 to one year in jail.

In a filing to the Singapore Exchange, HPL stated that Ong “wishes to devote more time to manage his medical conditions,” aligning with reports that he is battling multiple myeloma, a type of blood cancer. Bloomberg reported that the court granted Ong more time to enter his plea as he sought additional medical reports.

Ong continues to control a majority stake in HPL, holding about 60% of the company with his wife, Christina Ong. The company maintains a portfolio of 41 hotels across 17 countries, partnering with luxury brands such as Four Seasons, COMO Hotels & Resorts, and Marriott International.

HPL has not yet named a successor, but executive directors Christopher Lim and Stephen Lau will continue managing the company. Investors reacted positively to the announcement, sending HPL’s shares up, a signal of cautious confidence in the firm’s stability beyond Ong’s leadership.

Although Ong steps back from daily operations, he retains a significant role in shaping Singapore’s hospitality and business landscape.

Feature Image Via: Reuters

Ad - immaldives.com

Latest

Kuda Villingili Resort Maldives Named as Finalist in SPA Star Awards 2025

Kuda Villingili Resort Maldives Named Finalist in Prestigious SPA Star Awards 2025

Kuda Villingili Resort Maldives proudly announces its recognition as a finalist in the esteemed SPA Star Awards 2025, in the International Category. This distinguished acknowledgment celebrates excellence, innovation, and outstanding contributions to the global spa and wellness industry, recognizing resorts that set the bar for exceptional wellness offerings.

A Significant Achievement for Kuda Villingili Resort

The resort’s selection as a finalist marks a significant achievement, as a panel of industry experts carefully chose Kuda Villingili for its commitment to delivering exceptional spa experiences and promoting holistic wellness. Consequently, the final results of the SPA Star Awards 2025 will be revealed during the highly anticipated FORUM SPA inside gala evening on June 2, 2025.

Amjad Thaufeeg, Commercial Director of Kuda Villingili Resort Maldives, expressed his pride in the nomination, stating,

“We are truly humbled and honoured to be a finalist in the prestigious SPA Star Awards At Kuda Villingili Resort Maldives, wellness is at the core of everything we do— offering our guests a sanctuary where they can reconnect, rejuvenate, and find balance in the beauty of nature. This nomination is a celebration of our passion for holistic well-being, heartfelt hospitality, and the transformative power of meaningful
spa experiences”

Furthermore, the SPA Star Awards 2025 recognizes excellence in the spa and wellness industry. The awards ceremony, held during the FORUM SPA inside gala evening, offers a platform for networking, expert discussions, and the recognition of the most innovative spa concepts in the industry.

A Premier Wellness Destination

Moreover, this nomination solidifies Kuda Villingili Resort Maldives as a premier destination for wellness, known for its world-class spa services that blend luxury with tranquility. It not only highlights the resort’s dedication to providing an unparalleled wellness experience but also gives it a unique platform to showcase its innovative approach to wellness to a global audience.

Nestled in the heart of the Maldives, Kuda Villingili Resort offers a luxurious island sanctuary that seamlessly blends modern elegance with the natural charm of the Maldives. The resort’s spa serves as the ultimate relaxation destination, offering a wide range of holistic therapies, rejuvenating treatments, and serene overwater treatment villas designed to foster total well-being. Guests unwind under the care of expert therapists, experience time-honored wellness programs, and enjoy a peaceful ambiance, creating a transformative escape into rejuvenation and self-care.

Join the Voting Process and Win an Exclusive Wellness Experience

As the event approaches, all nominees, including Kuda Villingili, will be prominently featured on the official SPA Star Awards website, on FORUM SPA inside’s social media platforms, and in the May/June edition of SPA inside magazine. Wellness enthusiasts, readers, and guests will have the opportunity to vote for their favorite spa and wellness destination, with voting open until mid-May for the Audience Award.

Kuda Villingili Resort Maldives invites its loyal guests, partners, and supporters to join this exciting journey by casting their votes in support of the resort. To cast your vote for Kuda Villingili, simply email vote-spastar@redspa.de with “Kuda Villingili Resort Maldives” as the subject line. Every vote counts, and participants will enter an exciting prize draw. The winner will receive a luxurious four-day wellness holiday for two at one of the Best Alpine Wellness Hotels in Austria and South Tyrol.

Voting will close on May 11, 2025, so don’t miss the opportunity to support your favorite island wellness sanctuary and stand a chance to win an unforgettable escape to the Alps.

As the final announcement draws near, Kuda Villingili Resort Maldives eagerly anticipates continuing its journey as a leading destination for wellness and relaxation in the Maldives, offering its guests an unparalleled experience of rejuvenation and serenity.

Ad - immaldives.com
No more posts to show