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Datapulse Technology to Terminate Hotel Management Agreement in Seoul

Story Highlights
  • Datapulse Technology’s subsidiary plans to terminate its hotel management agreement.
  • The company is negotiating new terms with Travelodge Hotels for future collaboration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Datapulse Technology to Terminate Hotel Management Agreement in Seoul

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Datapulse Technology Limited ( (SG:BKW) ) has shared an announcement.

Datapulse Technology Limited has announced that its subsidiary, RK One Hotel Management LLC, has issued a six-month notice to terminate its Hotel Management Agreement with Travelodge Hotels (Asia) Pte. Ltd. for the management of Travelodge Myeongdong City Hall in Seoul, Korea. Despite the termination notice, the company is actively seeking to renegotiate the terms with Travelodge Hotels to find a mutually agreeable solution, indicating potential changes in its operational strategy and partnerships.

More about Datapulse Technology Limited

Datapulse Technology Limited, incorporated in Singapore, operates in the hospitality industry through its subsidiaries, focusing on hotel management services.

Average Trading Volume: 22,661

Technical Sentiment Signal: Buy

Current Market Cap: S$34.34M

For a thorough assessment of BKW stock, go to TipRanks’ Stock Analysis page.

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