BIG Hotel, a newly opened 16-storey hotel located at 200 Middle Road, has been put up for sale. The hotel sits on a freehold site of about 20,162 square feet.
The development has 308 rooms, 3 retail shops and 40 car parking lots, occupying a total gross floor area of 94,657 sq ft.
Marketing agent Colliers International said the sale is subject to the retention of the existing brand name and hotel operator for a period of time.
Colliers managing director of Asia Capital Markets and Investment Services Terence Tang said BIG Hotel is being marketed primarily to Asian investors in China, Hong Kong, Japan and Korea.
BIG Hotel is owned by ERC Unicampus, a subsidiary of ERC Holdings.
It has been in operation for about two months since opening in May.
Interested buyers can submit their offer by 6 August.
Source : Channel NewsAsia – 23 July 2013