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l'ermitage beverly hills sale

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Low bought the hotel for $46 million in 2010, when the market was still depressed after the Great Recession. EOS Investors, a privately held real estate investment firm based in New York, has acquired the 116-suite luxury hotel located on Burton Way. Sales of hotels in California were down 90% from April 1 to the middle of June compared with the same period last year, he said, “so for all intents and purposes the sales market has come to a grinding halt.”. Nissan Motor Co. is withdrawing its support for the Trump administration in a federal lawsuit over California’s right to set its own auto emission standards, the latest sign of the rapidly shifting politics of gas mileage rules since Joe Biden won the 2020 presidential election. 9291 Burton Way, Beverly Hills, CA, 90210. Enhance your stay at Viceroy L'Ermitage Beverly Hills with exclusive hotel deals and customized packages to fit your every need. Wall Street closed out a solid week for stocks Friday with more record highs as investors bet that a poor jobs report will kick Congress out of its paralysis on delivering more economic aid. TV’s Ty Pennington flips Venice charmer onto the market. California and L.A. County are breaking coronavirus records faster than projected. Today, the hotel consists of 116 suite and remains one of the most luxurious accommodations in the area. Photo credit: Keen-Summit Capital Partners Keen-Summit Capital Partners brokered the sale of the Viceroy L’Ermitage Beverly Hills Hotel to New York-based EOS Investors for $100 million. EOS Investors, a privately held real estate investment firm based in New York, has acquired the 116-suite luxury hotel located on Burton Way. Viceroy L’Ermitage Beverly Hills Hotel isn’t the only big-ticket sale in Beverly Hills in recent months. No people found for this transaction. “I wouldn’t be surprised if the ultimate buyer was looking at a condo play.”. Book Viceroy L'Ermitage Beverly Hills, Beverly Hills on Tripadvisor: See 1,096 traveller reviews, 766 photos, and cheap rates for Viceroy L'Ermitage Beverly Hills, ranked #2 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. Sale 10/29/2020 l'Ermitage Beverly Hills. Add Person Stories. The Viceroy L’Ermitage Beverly Hills hotel could have a new owner soon. Enjoy Up to 30 % Off & 24-Hour Flexible Cancellation Featured Offer. Apollo Global Injects $307M Into Two Luxury Properties in LA Source: Commercial Observer. The 84-room property sold in August for $62 million. Interest from potential buyers has been “extraordinary,” said Matthew Bordwin of Keen-Summit Capital Partners, who is conducting the sale on behalf of a special master appointed by the U.S. District Court for the Central District of California. Maybourne was formerly known as the Savoy Group. Print. U.S. Federal Government. “Hundreds of people were interested in the property,” he said, but ultimately all other bidders “couldn’t get over the $100-million number” and backed off in recent days from participating in the sale. These sites can help you find work, including remote positions as a virtual assistant and moving, caregiving and consulting gigs. 116 rooms, rooftop pool, jet-setting clientele. Book Viceroy L'Ermitage Beverly Hills, Beverly Hills on Tripadvisor: See 1,095 traveller reviews, 766 candid photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #1 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. To the west, the 116-room Viceroy L’Ermitage Beverly Hills was given a $56.5 million first mortgage. Book directly with us and save on a luxiourous Beverly Hills getaway conveniently located near the city's sites and sounds with spacious suites offering privacy and a … As a new stay-at-home order came for much of California, daily new coronavirus cases in Los Angeles County are increasing at an even faster pace than officials had forecast earlier in the week. Interested? The low-key boutique hotel has been known as a celebrity haunt for decades, where the likes of Elizabeth Taylor, Richard Burton and Laurence Olivier have bunked for the night and dined in its fancy French restaurant. Late last year, the Montage Beverly Hills hotel sold for $415 million to Maybourne Hotel Group, a British hotel company. Email. Hot Property: Doc Rivers makes a big pass in Malibu. Column: Republicans are complaining (again) about the budget deficit, For the GOP, deficits only matter when there’s a Democrat in the White House. The U.S. government moved to seize the hotel in 2016 from Malaysian financier Jho Low. What the stay-at-home order means for Southern California, By Tuesday, the stay-at-home orders will be in effect in 28 counties encompassing 84% of California’s population, Swiss slopes busy as those of neighboring countries sit idle amid COVID-19 pandemic. WhatsApp. Beverly Hills Viceroy L’Ermitage luxury hotel on sale to recover 1MDB looted funds. The L’Ermitage hotel in Beverly Hills is shown in September 2014. five-star rating from Forbes Travel Guide. EOS Investors LLC. “That’s a meaningful jump.”. The firm buys the Viceroy L’Ermitage Beverly Hills Hotel for $100 million, a 116-suite luxury hotel that recently completed a $37 million renovation. Viceroy L'Ermitage Beverly Hills, Beverly Hills: See 1,096 traveller reviews, 766 photos, and cheap rates for Viceroy L'Ermitage Beverly Hills, ranked #1 of 16 hotels in Beverly Hills and rated 4.5 of 5 … A $37-million renovation completed in 2016 helped it keep the coveted five-star rating from Forbes Travel Guide it has held since 2000. Review: The Volkswagen ID.4. In Los Angeles, Low was known as a high roller who partied with Paris Hilton and poured $100 million into Martin Scorsese’s film “The Wolf of Wall Street.”, Bye-bye, buffets. See 1,095 traveller reviews, 766 candid photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #2 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. Beverly Hills hotel changes hands for $100M. The Viceroy L’Ermitage Beverly Hills hotel will be up for auction Aug. 19, with the minimum bid starting at $104 million. The hotel market is depressed now, hobbled by the pandemic, which has damped travel around the world, industry analyst Alan Reay said. Apollo also provided a $56.5 million acquisition loan to help finance EOS Investors’ recent purchase of the Viceroy L’Ermitage Beverly Hills, according to the report. Bordwin earlier described the bidder as “a savvy real estate investor with hospitality experience.”. Besides the hotel rooms, the L’Ermitage Beverly Hills also has a rooftop pool and event deck, a restaurant and bar, and a spa and lounge. California and L.A. County are breaking coronavirus records faster than projected. Jobs for virtual assistants, caregivers and people with muscles. Southern California and the San Joaquin Valley will come under a stay-at-home order starting late Sunday, as ICU capacity continues to fall amid a surge in COVID-19 cases. Auction rules said that the next bid had to be $104 million, which was apparently too rich for them, Bordwin said. Roger Vincent covers commercial real estate for the Business section of the Los Angeles Times. NEW YORK, Oct. 27, 2020 – EOS Investors LLC (“ EOS “), a privately held real estate investment firm, today announced its acquisition of Viceroy L’Ermitage Beverly Hills, a 116-suite luxury hotel located in Beverly Hills, California, one of the most prominent residential, commercial, and travel destinations in the world. Nightly rates start around $500. To avoid any traces of the coronavirus that might be lurking on surfaces, Americans have been scrubbing everything in sight. The L’Ermitage stands eight stories in a residential neighborhood on Burton Way and is unassuming on the outside but over-the-top plush on the inside. Lender. The public sale was later canceled, and the stalking horse bidder was revealed to be EOS Traders. The Viceroy L’Ermitage Beverly … The 84-room property sold in August for $62 million. Federal authorities say Low was the mastermind behind a $1.7 billion fraud perpetrated through 1MDB, a Malaysian government-run development company. If you break away from your coronavirus lockdown to vacation this summer, expect some changes at your hotel, such as no more valet parking and a capacity limit at the pool. Friday’s jobs report and record number of daily COVID-19 deaths underscored the mess Joe Biden inherits — worse than he and Obama had. The hotel has a rooftop swimming pool with views of the Hollywood Hills, a spa and a restaurant and bar called Avec Nous. The previous owner paid $68 million in 2000. By FccedReporter-July 11, 2020. Built in 1975, the property was the first all suite hotel in the United States. Asking price: $5.487 million. Brunch and dinner are served at the hotel's Avec Nous restaurant. Bordwin declined to identify the bidder beyond saying it is “a savvy real estate investor with hospitality experience.”. Redwood City-based Ohana Real Estate Investors was the seller. The marble bathrooms have televisions inset in the mirrors. Add Story … ReddIt . The Viceroy L’Ermitage Beverly Hills was the last of Low’s seized assets to be sold. Southern California and the San Joaquin Valley will come under a stay-at-home order starting late Sunday, as ICU capacity continues to fall amid a surge in COVID-19 cases. The most noteworthy is the iconic Georgian Hotel on Ocean Avenue in Santa Monica. In July, the resort had a $100 million stalking horse bidder however was headed to public sale. U.S. authorities sold the Viceroy L’Ermitage Beverly Hills hotel for $100 million to EOS Investors The Viceroy L'Ermitage Beverly Hills Hotel drew … The Viceroy L’Ermitage Beverly Hills is a prime destination for Los Angeles’s in-the-know crowd. Review: The Volkswagen ID.4. Add Person Stories Add Story. EOS Traders bought the resort earlier this yr. Apollo Global Management. Would-be buyers of the famous inn were at first plentiful, said Bordwin, managing director of Keen-Summit Capital Partners. Since it opened in 1975, the L’Ermitage has had a series of owners — most recently the U.S. government, which moved to seized it in 2016 from Malaysian financier Jho Low. If you break away from your coronavirus lockdown to vacation this summer, expect some changes at your hotel, such as no more valet parking and a capacity limit at the pool. Last week, EOS Investors LLC, a privately held real estate investment firm, announced its acquisition of Viceroy L’Ermitage Beverly Hills, a 116-suite luxury hotel located in Beverly Hills, California, and the Faro Blanco Resort & Yacht Club, a 125-room, 16-acre waterfront resort and marina in the Florida Keys. Low has denied any wrongdoing but is a fugitive from Malaysian and U.S. authorities. The latest sale began in earnest last month with Mr. Eidelman, the special master, and a broker soliciting so-called stalking horse bids, which set a minimum price to discourage frivolous buyers. Keen-Summit secured the $100 million offer from EOS Investors in August, and the sale closed on Oct. 22. Since the L’Ermitage opened in 1975 on Burton Way, it has been known as a celebrity haunt, where luminaries such as Elizabeth Taylor, Richard Burton and Laurence Olivier have spent the night and dined in its fancy French restaurant. The luxury hotel, which was seized in a money laundering scandal involving financier Jho Low, will be … More record highs for stocks as hopes grow for economic aid. Hello, plexiglass: How coronavirus is changing hotels. The Viceroy L’Ermitage Beverly Hills, which charges about $600 a night on average for rooms.Credit...Viceroy L'Ermitage Beverly Hills. Add Organization People Add Person. The L’Ermitage hotel in Beverly Hills in September 2014. Former Clippers coach Doc Rivers sells his Malibu beach house for $12.25 million after heading to Philadelphia to coach the 76ers. Keen-Summit Capital Partners brokered the sale of the Viceroy L’Ermitage Beverly Hills Hotel to New York-based EOS Investors for $100 million. Higher bids must start at $104 million, said Bordwin, who will spend the next few weeks putting other potential buyers through a qualification process to prove they are able to pay what they offer. He’s stepping into the void Trump has left. An auction of the posh Viceroy L’Ermitage Beverly Hills hotel next week was canceled after potential buyers declined to bid more than the $100-million base price established by … To avoid any traces of the coronavirus that might be lurking on surfaces, Americans have been scrubbing everything in sight. Federal investigators said Low bought the hotel and other properties, including a Hollywood Hills mansion, with money embezzled from a Malaysian government-owned fund intended to spur economic development in the Southeast Asian country. “Luxury hotels in Beverly Hills don’t often come up for sale,” said Michael M. Eidelman, a Chicago bankruptcy lawyer hired as the special master for the auction. Viceroy L ' Ermitage Beverly Hills A Luxury Hotel in Beverly Hills. Low bought the hotel for $46 million in 2010, when the market was still depressed after the Great Recession. Lease; Financing; Sale; Construction; Organizations Add Organization. Viceroy L'Ermitage Beverly Hills. The hotel offers a restaurant, bar, lounge at Avec Nous, which is open for breakfast, lunch and dinner. The Viceroy L'Ermitage Beverly Hills has a new owner. In 2012, Low turned heads when he dropped a whopping $38.98 million on his Hollywood Hills estate, redefining what a home could sell for in the celebrity-filled Bird Streets neighborhood. Viceroy L'Ermitage Beverly Hills is a luxury boutique hotel in Beverly Hills, California. Biden urges pandemic relief compromise, testing his faith in bipartisanship. The $100-million stalking-horse bid was accepted by the U.S. government, which took possession of the asset from the former owner. The Viceroy L’Ermitage Beverly Hills hotel could have a new owner soon. Biden urges pandemic relief compromise, testing his faith in bipartisanship. Luxury boutique hotel viceroy l ermitage beverly hills accommodations trivago com **** by Jena Tesse Fox | Nov 6, 2020 11:30am. Is this the car that makes electrics go mainstream? At a similar price, the L’Ermitage would sell for more than $230 million, but with the hotel market on its knees during the pandemic it may sell for less and to someone who doesn’t even want to run a hotel, Reay said. Ownership / Investment. Add Organization People Add Person. No people found for this building. The boutique Viceroy L’Ermitage Beverly Hills hotel has 116 rooms, a rooftop pool and jet-setting clientele. About EOS. Federal authorities seized the property and sold it for $18.5 million in March. Enhance your stay at Viceroy L'Ermitage Beverly Hills with exclusive hotel deals and customized packages to fit your every need. The Viceroy L’Ermitage Beverly Hills was the last of Low’s seized assets to be sold. Experts say it can be overkill. The Los Angeles County Museum of Art and the University of California are within a short drive of Viceroy L'Ermitage Beverly Hills. Americans’ fixation on coronavirus cleansing can be overkill, experts say. Viceroy L'Ermitage Beverly Hills Mr. Low acquired the Viceroy L’Ermitage for about $40 million in 2010, and later spent the same amount on renovations. Hot Property: Doc Rivers makes a big pass in Malibu. EOS Investors LLC. Wall Street closed out a solid week for stocks Friday with more record highs as investors bet that a poor jobs report will kick Congress out of its paralysis on delivering more economic aid. Column: Republicans are complaining (again) about the budget deficit, For the GOP, deficits only matter when there’s a Democrat in the White House. One of the last big luxury hotel sales in the region was the $415-million purchase in December of the Montage Beverly Hills by Maybourne Group, a London company that renamed the property the Maybourne Beverly Hills. Americans’ fixation on coronavirus cleansing can be overkill, experts say. “This is a unique, special property,” Bordwin said. If the latest sale is approved by the court next month as expected, the identity of the stalking horse bidder selected to make the initial bid and set the floor for future bidders will be publicly revealed. Buyer: They sold the Viceroy L’Ermitage Beverly Hills Hotel in August. In Santa Monica, a newly built home offers polished concrete, floating staircases, skylights and heated floors. The COVID-19 pandemic has led France, Italy and Austria to shut or restrict access to ski stations this holiday season. Add Transaction . Despite the Covid-19 pandemic’s negative impact on the hospitality industry, there have been other recent sales. Viceroy L’Ermitage Hotel Beverly Hills Bought With 1MDB Money Put on Sale by US Government The New York Times. TV’s Ty Pennington flips Venice charmer onto the market. The sale of the Viceroy L’Ermitage Beverly Hills Hotel is one of the largest hospitality transactions in 2020. Its 116 rooms are all suites, including the 3,328-square-foot presidential suite that includes five balconies, a Steinway grand piano, a formal dining room, dens and a kitchen. Nissan leaves Trump’s fight against California car rules. Prices are calculated as of … Stay-at-home order will be imposed in Southern California and San Joaquin Valley. What the stay-at-home order means for Southern California, By Tuesday, the stay-at-home orders will be in effect in 28 counties encompassing 84% of California’s population, Swiss slopes busy as those of neighboring countries sit idle amid COVID-19 pandemic. Hotel L Ermitage. Stay-at-home order will be imposed in Southern California and San Joaquin Valley. The L’Ermitage is operated by luxury hotelier Viceroy Hotels & Resorts, and the new owner will need to decide whether to continue that relationship. Experts say it can be overkill. All Business Assets of the Viceroy L’Ermitage Beverly Hills et al., and United States of America v. Real Property Known as Viceroy L’Ermitage Beverly Hills, both of which are currently pending in the United States District Court for the Central District of California, Mr. Eidelman is vested with the exclusive right to oversee the sale process. Is this the car that makes electrics go mainstream? Roger Vincent covers commercial real estate for the Business section of the Los Angeles Times. Switzerland’s slopes are open. Many hotel buyers these days plan to convert their properties to other uses such as housing, he said. New York-based EOS Investors LLC acquired Viceroy L’Ermitage Beverly Hills, a 116-suite luxury hotel in Beverly Hills. The stalking horse bidder will purchase the hotel for $100 million if no bids come in higher at the auction next month. Switzerland’s slopes are open. Book directly with us and save on a luxiourous Beverly Hills getaway conveniently located near the city's sites and sounds with spacious suites offering privacy and a sense of seclusion. Mr. Low acquired the Viceroy L’Ermitage for about $40 million in 2010, and later spent the same amount on renovations. The $100-million stalking-horse bid was accepted by the U.S. government, which took possession of the asset from the former owner. He’s stepping into the void Trump has left. The Viceroy L’Ermitage Beverly Hills was the last of Low’s seized assets to be sold. Entangled in the international money laundering scandal involving the embezzlement of billions of dollars from the Malaysian development fund … Today, the hotel consists of 116 suite and remains one of the most luxurious accommodations in the area. Twitter. Viceroy L'Ermitage Beverly Hills, Beverly Hills: See 1,096 traveller reviews, 766 candid photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #1 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. Nissan leaves Trump’s fight against California car rules. VW is banking on its all-electric ID.4 compact SUV to appeal to a broad middle-American market of drivers who like their storage space and a comfy ride. The Viceroy L'Ermitage Beverly Hills has a new owner. Jho Low at Cipriani Wall Street in New York in 2014.Credit...Scott Roth/Invision, via Scott Roth, via Invision, via Associated Press . The Viceroy L’Ermitage Beverly Hills was the last of Low’s seized assets to be sold. These sites can help you find work, including remote positions as a virtual assistant and moving, caregiving and consulting gigs. Low is accused of being the mastermind of a scheme to plunder $4.5 billion from the fund known as 1Malaysia Development Berhad, money that was supposed to be used to invest in real estate, Middle East oil and other sectors. Pinterest. The hotel has received the prestigious 5-star award from Forbes Travel Guide every year since 2000. Typically bidders would compete in a room eye-to-eye for such an auction, he said, but because of the COVID-19 pandemic the sale will be conducted by an online video chat limited to the participants. The luxury hotel, which was seized in a money laundering scandal involving financier Jho Low, will be … Financing of l'Ermitage Beverly Hills on Dec. 2, 2020 in Beverly Hills, CA Viceroy L'Ermitage Beverly Hills, Beverly Hills: 1,095 Hotel Reviews, 766 traveller photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #1 of 16 hotels in Beverly Hills and rated 4.5 of 5 … Now $441 (Was $̶6̶1̶9̶) on Tripadvisor: Viceroy L'Ermitage Beverly Hills, Beverly Hills. You may occasionally receive promotional content from the Los Angeles Times. Viceroy L'Ermitage Beverly Hills is a luxury boutique hotel in Beverly Hills, California.Built in 1975, the property was the first all suite hotel in the United States. New York-based EOS Investors LLC acquired Viceroy L’Ermitage Beverly Hills, a 116-suite luxury hotel in Beverly Hills. Now £324 on Tripadvisor: Viceroy L'Ermitage Beverly Hills, Beverly Hills. Viceroy L'Ermitage Beverly Hills, Beverly Hills: 1,095 Hotel Reviews, 766 traveller photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #1 of 16 hotels in Beverly Hills and rated 4.5 of 5 … In Venice, former ‘Extreme Makeover: Home Edition’ host Ty Pennington is asking $2.8 million for a 1920s home that he restored. Share. The firm buys the Viceroy L’Ermitage Beverly Hills Hotel for $100 million, a 116-suite luxury hotel that recently completed a $37 million renovation. Since opening in 1975, Viceroy L’Ermitage Beverly Hills has been the epitome of Hollywood glamour. Give the US government a bell. Viceroy L'Ermitage Beverly Hills Mr. Low acquired the Viceroy L’Ermitage for about $40 million in 2010, and later spent the same amount on renovations. In July, the resort had a $100 million stalking horse bidder however was headed to public sale. Home of the Week: A jagged, striking structure in Santa Monica. One of the last big luxury hotel sales in the region was the $415-million purchase in December of the Montage Beverly Hills by Maybourne Group, a … Jobs for virtual assistants, caregivers and people with muscles. It will sell for at least $100 million, federal representatives said Thursday, or perhaps more at an auction set for Aug. 19. Friday’s jobs report and record number of daily COVID-19 deaths underscored the mess Joe Biden inherits — worse than he and Obama had. The sale to that bidder is expected to close in September, said Matthew Bordwin, who is conducting the transaction on behalf of a special master appointed by the U.S. District Court for the Central District of California. Viceroy L'Ermitage Beverly Hills is a sophisticated property with an exclusive feel, ultra-luxurious interiors and the distinctly cool-vibe that can be expected from the Viceroy brand. Add Building Organizations Add Organization. See 1,095 traveler reviews, 766 candid photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #2 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. By … New York City-based EOS Investors LLC completed the $100 million deal on Thursday, according to the Wall Street Journal. Give the US government a bell. Interested? Now $447 (Was $̶6̶9̶8̶) on Tripadvisor: Viceroy L'Ermitage Beverly Hills, Beverly Hills. Previous owner spent $40 million on renovations before becoming an international fugitive. The boutique Viceroy L’Ermitage Beverly Hills hotel has 116 rooms, a rooftop pool and jet-setting clientele. Guests at the Viceroy Beverly Hills L'Ermitage can use the modern fitness center or have a drink at the trendy Lounge. See 1,097 traveler reviews, 772 candid photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #2 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. At more than $2 million a room, the price was a California hotel sale record, Reay said. Linkedin. Despite the Covid-19 pandemic’s negative impact on the hospitality industry, there have been other recent sales. “We’ve had a significant number of qualified offers.”, Bordwin announced Thursday that Special Master Michael M. Eidelman had accepted a “stalking horse” bidder — an entity selected to make an initial bid — who set the floor for future bidders at $100 million. Home of the Week: A jagged, striking structure in Santa Monica. The public sale was later canceled, and the stalking horse bidder was revealed to be EOS Traders. Get our free business newsletter for insights and tips for getting by. Apollo also provided a $56.5 million acquisition loan to help finance EOS Investors’ recent purchase of the Viceroy L’Ermitage Beverly Hills, according to the report. See 1,096 traveler reviews, 766 candid photos, and great deals for Viceroy L'Ermitage Beverly Hills, ranked #2 of 16 hotels in Beverly Hills and rated 4.5 of 5 at Tripadvisor. This sale is reportedly one of the largest hospitality transactions in 2020. SOLD – L’Ermitage Beverly Hills THE L'ERMITAGE BEVERLY HILLS HOTEL IS BEING SOLD FOR $100 MILLION SUBJECT TO COURT APPROVAL Under the direction of Michael M. Eidelman as Special Master appointed by the U.S. District Court at the request of the United States Department of Justice It all starts with the uncompromising privacy of our location on a tree-lined residential street that’s less than a mile from the bustle of Rodeo Drive. Facebook. Set on a peaceful tree-lined avenue in Beverly Hills, the hotel feels shielded from view and offers high levels of privacy, making it a popular choice amongst Hollywood's high-flyers. The previous owner paid $68 million in 2000. Federal investigators said Low bought the hotel and other properties, including a Hollywood Hills mansion, with money embezzled from a Malaysian government-owned fund intended to spur economic development in the Southeast Asian country.

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