Singapore-based private equity fund EXS is looking to expand a hostel chain in Hong Kong catering to young travellers and digital nomads.EXS Property Innovation Concepts VCC, a fund platform focused on “New Economy Real Estate” across Asia, recently invested US$4.6 million for an undisclosed stake in the Southeast Asia-focused hostel operator Mad Monkey.Following a successful first round of fundraising, Mad Monkey aims to open up to 50 hostels in the next three years in Asia and Australia, said…
Source : South China Morning Post
Read more…Southeast Asia-focused hostel chain Mad Monkey eyes Hong Kong as it looks to open 50 properties over next three years















