Hotel

Two more Starwood brands to arrive in Singapore

TWO more Starwood brands - The Luxury Collection and Tribute Portfolio - will make their debut in Singapore this year and next, taking the number of Starwood properties in Singapore to eight. The luxury Duxton Club will consist of two pre-war colonial heritage buildings offering guests different experiences. The 50-room Duxton House is slated to open in early 2017 while the 138-room Duxton Terrace, 200...

AccorHotels buys concierge group to counter Airbnb challenge

AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, as it pushes further into new hospitality services and beefs up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels - the world's fifth-largest hotel group - will acquire 80 percent of John Paul for about US$150 million in equity and debt, with the company's chief...

Weaker demand for hotels in city area as NDP returns to National Stadium

As this year’s National Day Parade (NDP) will return to the National Stadium for the first time in 10 years, hotels in the city area have taken a hit with slower booking rates around the Aug 9 public holiday, and some of them are also charging a lower premium for rooms compared to previous years. For the past 10 years, Marina Mandarin Singapore had been able to expect full occupancy on National Day as...

Claremont hotel going for S$90m

The Claremont hotel along Serangoon Road, near the junction of Owen Road, has been put up for sale. The guide price for the eight-storey, freehold budget hotel is about S$90 million, or S$1 million per room. Knight Frank, which is marketing the 90-room property through an expression of interest exercise that closes on July 28, were not able to list the room sizes of the hotel at the time of...

Hotelier Eddie Tan opens Penang’s first small luxury hotel

Malaysia will see its eighth Small Luxury Hotels of the World (SLH) property open next month, this time in Penang. It's a first for the state, which has seen its real estate prices and values in George Town soar since its 2008 Unesco heritage listing. The company behind the 35-room The Edison George Town - ET Hospitality Ventures Sdn Bhd - is a subsidiary of ET Group, which is helmed by veteran...

Shun Tak acquires its first hotel site in S’pore

HONG KONG-LISTED Shun Tak Holdings, a company founded by casino tycoon Stanley Ho, has acquired its first property here for S$145 million. Its wholly-owned unit Shun Tak Real Estate (Singapore) Pte Ltd has acquired a prime freehold site at 9 Cuscaden Road, belonging to the late Tan Hoon Siang, the great-grandson of famous philanthropist Tan Tock Seng. The sale price reflects a land rate of about...

Stanley Ho’s Shun Tak pays S$145m for prime freehold site

SHUN Tak Holdings, a company founded by gaming tycoon Stanley Ho, has acquired its first property here. It is paying S$145 million for a prime freehold site at 9 Cuscaden Road, belonging to the late Tan Hoon Siang, the great-grandson of famous philanthropist Tan Tock Seng. The site, where a two-storey grey bungalow stands now, was put up for sale by his three sons, acting as trustees for his...

W Hotels plans to check-in to downtown Singapore

Starwood Hotels & Resorts Worldwide is planning to expand its portfolio in the Republic with a new hotel at the downtown city centre under its lifestyle brand W Hotels. It would be the US-based hotel chain’s second property under this brand after W Singapore Sentosa Cove. It also has a property under St Regis brand here. Both of the Singapore properties managed by Starwood — St Regis Singapore and...

Marriott in talks to manage Singapore’s South Beach hotel

The South Beach Consortium is in the process of appointing Marriott International to manage the hotel at South Beach, which will be rebranded as the JW Marriott Singapore if the deal goes through. Hong Leong Group Head of Corporate Affairs Gerry de Silva confirmed this to Channel NewsAsia on Wednesday (May 11). This will be Singapore's first JW Marriott hotel - the chain's five-star offering - when...

AccorHotels buys luxury home rentals company onefinestay

AccorHotels, Europe's largest hotel group, said on Tuesday it bought British high-end serviced home rental company onefinestay as it fights the rising challenge of online home-sharing company Airbnb and booking websites like Expedia. The world's fifth-largest hotel group, undergoing a reorganisation initiated by Chief Executive Sebastien Bazin, said it paid 148 million euros (S$228.56 million) for...

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