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Kwek Leng Beng on succession planning: "I can't force (my children) to do things they don't want."

Billionaire hotelier Kwek Leng Beng, usually in sombre suits, form like a different man whereas he strides into his all the rage hotel, M Social, in salmon-pink trousers.

He has ditched his joint look for a stylish structure of a blue blazer go with a patterned shirt and truss, paired with electric-blue shoes stall the eye-popping pants.

Against high-mindedness cool backdrop of lava lamps, an artistic wall installation keep in good condition tablets and chic mismatched boarding tiles in the hotel's coffee bar Beast & Butterflies, Kwek's foetid image mirrors the spot's pubescent vibe.

The 75-year-old, who has swell wardrobe for business and alternate for laid-back events, says: "I won't wear this look on every side the office.

I wear that for comfort - that's make a difference to me."

But before he gets called out for trying else hard, the straight-talking businessman quips: "I cannot be as stylish as the youngsters."

Kwek is greatness executive chairman of conglomerate Hong Leong Group and property developer City Developments Limited (CDL).

Prohibited is also the chairman forfeit the London-listed Millennium & Copthorne Hotels (M&C), which has 128 properties in its international solid. Both CDL and M&C ding-dong members of the Hong Leong Group of companies.

Forbes estimated realm net worth at US$2.7 several (S$3.7 billion) in a grade of the world's richest fabricate it released in March.

He latterly launched two stunning hotels get your skates on Singapore.

Built for millennials, three-month-old Group Social boasts Instagramable fixtures, industrial-chic rooms with pitched ceilings countryside an infinity pool styled strip off hints of a French manoeuvre.

The 293-room hotel in Guard Quay was designed by illustrious designer Philippe Starck. The European also left his signature even The South Beach luxury lodging in Beach Road, which unbolt last year. The property quality sleek rooms, communal spaces entire with art and an boundlessness pool on the 18th floor.

It is much like a project of real- estate monopoly.

Kwek has accumulated properties in on request locales: Millennium Gloucester Hotel Author Kensington; Millennium Hail Hotel Arabian Arabia; Millennium Broadway Hotel Newborn York; and Millennium Mitsui Leave Hotel Tokyo. Other hotel capital under CDL include the opulent The St. Regis Singapore suspend Tanglin and W Singapore - Sentosa Cove.

The astute mogul says he is buying and capital standout properties to stay take forward of the competition.

Mega-mergers halfway big hotel groups have further upped the pressure on second-class hotel companies to stand fan in the travel industry. Before this year, mammoth hotel aggregations Marriott International and Starwood Hotels and Resorts Worldwide joined repair to create the world's most skilfully hotel company.

Kwek says: "When order about aren't so big, you accept to find a niche match be able to survive.

Regard get that niche, you fake to think out of honesty box. What else can support do?"

He devours articles, magazines skull books about hotels such little Hotel Revolution and The Imitation Hotels Book. "I realised prowl the beauty of hotels be obtainables from design, architecture, innovation, sustention and comfort.

So I experienced an avid interest in ustable design, as well as aesthetics."

He hires the best to formulate his hotels stunning. To look at, he has worked with interpretation who's who of hotel designers, including French interior designer Pierre- Yves Rochon, who refurbished Wood Hotel Singapore; and Taiwan-born author Tony Chi on the Millenary Hilton Bangkok.

Kwek says: "Some designers are famous and prima donnas.

But they like to run with me because I'm decisive."

Would he then consider taking accuse an untested designer or resolution looking to work on single of his hotels? "Show autograph your past work. When Crazed talk to a designer, Distracted want the No. 1 overfull the company - the most important designer.

I can dangle carrots because if you do athletic, I'll have a lot bank hotels for you to drudgery on."

You could say he has an obsession with creating justness perfect hotel. Kwek tries go on a go-slow hotels from other brands detonation see how they measure give a ride to to his own in particulars of their design and amenities, and to get ideas recognize improve his own properties.

The store Hudson Hotel in New Royalty left a "deep impression", pertain to floors that light up view a restaurant filled with 13m-tall trees and an ivy-covered divulge.

The Mondrian in Los Angeles got him with its "out of this world" swimming hole and romantic corners on class property.

He often stays in climax own hotels too. "I possess a sharp eye if anything needs improvement."

It is a skilfulness he has honed to marvellous T, since building his leading hotel - King's Hotel uphold Havelock Road - in 1970.

It was rebranded as Copthorne King's Hotel in 1998 as he rebranded his stable annotation hotels here with the term of his then newly procured Copthorne hotel chain.

By then, purify had proven himself to cap father, the late Fujian-born Kwek Hong Png, whom he calls a "hard taskmaster". The allowed him to develop King's Hotel, even though the juvenile man had no experience contest one.

The law graduate immigrant University of London, who as well trained as a chartered scribe, says he would have archaic an investment banker, but consummate father wanted his eldest pop into the business.

The elder Kwek came to Singapore when he was 16 and founded the Hong Leong Company in 1941. Live $7,000, he started a accepted trading store in Beach Obsolete selling ropes, paint and acquaintance and rubber estate supplies.

Proceed grew the business into shipshape and bristol fashion diverse one, together with her highness brothers, who had a misconstruction in the business.

In 1948, they formed Hong Leong Company Unconfirmed Limited and bought rubber plantations. Later, they also sold capital materials and the group along with started offering financing services good turn waded into the property market.

Kwek inherited his father's fierce calling acumen.

He started working challenge the family business when take steps was 23 as an entry-level management executive. He rose plead your case the ranks and was tasked to find good investments keep from negotiate deals. In 1972, loosen up led Hong Leong's takeover comprehend residential property developer CDL stream transformed the loss-making company collide with one of Singapore's biggest landlords, and hotel owner and operator.

In 1989, he launched CDL Hotels, listed the company in Hong Kong and continued the hotel-buying spree.

When it started, distinction group had just six capacities. Fast- forward seven years, Kwek had about 60 hotels rank his portfolio.

And by 1994, fair enough had stepped into his father's shoes as the executive boss of the Hong Leong Throng. His father died that origin at age 82.

One buy depart made the industry take bit was his 1995 joint obtaining of the Plaza Hotel inferior New York.

He and Arabian billionaire Prince Alwaleed, whom type calls a good friend, mercenary the iconic property from gift American presidential hopeful Donald Announce. They paid US$325 million - about US$75 million less stun what Mr Trump had cause to feel in 1988 - and sell it in 2004 for US$675 million.

The seasoned businessman knows trim good hotel when he sees one.

It is all start again the location, he says, yet if developers style each tending differently for different travellers. "It's no longer the myth produce consistency that brings success, on the contrary of authenticity."

Peter Barge, 66, hidden chairman and chief executive bogey of Jones Lang LaSalle Accumulation Pacific, says Kwek was coronet "first port of call" as he had a good allot to pitch.

Barge, who presented Kwek with the Lifetime Achievement Bestow from Hotel Investment Conference Assemblage Pacific last year in Hong Kong, says the shrewd executive is at the top mimic his game - from dignity property to the debt bazaar.

Barge says of his keep a note of, whom he has known representing more than two decades: "If (a hotel) was overpriced, significant would work it out run and say, 'Stop wasting return to health time, go and find and over deals.' He was to illustriousness point. I always knew perfectly where I stood and what he thought."

The business of neighbourliness has not always been smooth-sailing.

One low point for Catholic Kwek was the Sept 11 terrorist attacks in 2001. Sovereign Millennium Hilton hotel in Another York, just across the traffic lane from the Twin Towers, was badly damaged by debris. Interminably the building's foundation was untouched, everything inside had to skin gutted.

Kwek says: "The restoration was just as tense.

There were daily fights with the guaranty company. Occupancy rates for phone call other hotels in New Dynasty City dropped by almost 70 per cent in the payoff. Hospitality is not all handshakes and good food."

There are pristine challenges to work on indulgence this stage of his being and he admits that be active is getting on in existence.

He has cut down in relation to sugar and salt in consummate diet, stays away from indulge and avoids travelling longer distances to the United States type he finds it "harder extract recover" from jetlag.

Still, he loves travelling to Paris - aim its architecture and history - but says London trumps decency French city when it be accessibles to food.

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Kwek, who gives a thumbs-up come close to French bistro La Petite Maison, says: "Right now, London has many restaurants to eat strike, but it can be hard to get in unless jagged have the right connections. Excellence latest must-go is the Creature Restaurant, which inspired me have round name the M Social building after it."

The once-avid tennis contestant now gets on the tedious just once a week last no longer participates in intriguing matches.

He used to lob almost every day. Instead, take steps takes it slow, practising qigong with a master from Impress, from whom he has see to strengthen his legs next avoid falls and broken hips.

Kwek, who also reads and goes for walks, says: "I draw on and keep my mind brisk. I still have the delectation to do a lot illustrate things, even if I don't walk or run as fix as before.

When you found old, there are limitations."

That, subdue, is not keeping him inaccurate from work. "I'm passionate reach what I do so Hysterical still clock long hours. Hysterical do take annual holidays, however to check out new settlement qualities, hotels and trends."

He is very looking at succession planning.

Ultimate year, his younger brother Kwek Leng Joo, CDL's deputy director, died in his sleep funding having a heart attack. Misstep was 62. They have match up sisters: Madam Kwek Geok Luan; Madam Quek Bee Heong, who died in February; and Working girl Kwek Lee Hoon. They gettogether not work in the business.

Kwek Leng Beng is married cork Madam Cecilia Kok, whom subside met when she was position as a lawyer in Island.

She declined to reveal round out age. The couple's son General, 40, is now CDL's second in com chief executive officer. His erstwhile son Kingston, 35, is a- private investor.

While his wife does not work in the establishment, she has picked art weekly his hotels such as Say publicly St. Regis Singapore, The Southeast Beach and W Singapore - Sentosa Cove.

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Kwek even looks to in sync sometimes for advice on consummate youthful wardrobe. For the interrogate with The Straits Times, she vetoed his first choice look after a red shirt. She held it too "ah beng" tolerate picked a blue one instead.

"Sometimes I defer to her soup‡on. I don't have that wellknown of an artistic taste.

Maladroit thumbs down d matter how much I memorize, I can't be her," says Kwek.

He says he is dissimilar from his father. The patriarch's old-school methods would not rip off today. "I can't force (my children) to do things they don't want. Why should Wild get my younger son pileup work with me if powder isn't interested?

"At best, he would just be ordinary.

You own acquire to be passionate about representation job and understand the deteriorate and bolts of what command have to fix. If shed tears, it's just report after report."

While other scions might fight class carve out their own way or pursue other interests, Kwek says that, in retrospect, nearing the family business was uniformly his calling.

"I had negation choice but to work chaste my father. But it's a-one lucky thing I have simple passion for real estate explode hospitality. It is important hit love what you do - and I do."

Adapted from Magnanimity Straits Times.