Starwood Hotels and Resorts will be the first to open a hotel at Marina Bay's Asia Square, located at Singapore's newest financial district. In a release, Starwood Hotels & Resorts, which owns the Westin brand, said the hotel will be operational end 2013. The hotel, occupying over 300,000 square feet, will offer 306 rooms. The rooms will take up 15 storeys (32nd to 46th floors) of Asia Square Tower...
Hotel
Paramount Hotel & Shopping Centre has been sold to Orchard Mall for S$214 million. This is the biggest collective sale in the commercial property market this year. The site comes up to nearly 102,000 square feet and has a gross plot ratio of up to 3.0 Jones Lang LaSalle, manager of the sale, said the freehold site has a potential gross floor area of up around 308,000 square feet. This works out to...
City Developments said the structure of the new W Singapore Sentosa Cove hotel is ready while the adjacent Residences at W Singapore Sentosa Cove is nearing completion. In an update on the construction of the luxury resort, CDL says it will be a cosmopolitan oasis for tourists and locals alike and is reminiscent of world-famous locations such as Port Grimaud along the French Riviera. The developer added...
In 2015, as many as 17 million visitors are expected to arrive on Singapore's shores. That is a big jump from less than 9 million business travellers and tourists last year. Experts said more visitors will mean greater demand for hotel rooms. Analysts added that long-term demand for hotel rooms in Singapore is also expected to drive hotel investment trusts. Global hoteliers like Holiday Inn Express...
About 17 boutique hotels have been set up in Singapore, of which seven were developed in the past two years and according to an analyst, this number is set to grow especially in the fringe areas of Singapore. As Singapore's Tourism 2015 blueprint aims to increase visitor arrivals to 17 million by 2015, this translates to an average of 46,000 visitors a day. But there are now only some 30,000 hotel rooms...
A hotel site in Tanjong Pagar was released for sale on Monday via a public tender. The Urban Redevelopment Authority (URA) said the Gopeng Street/Peck Seah Street site was made available for sale through the so-called Reserve List system in February 2008. The sale process was triggered earlier this month when URA received an application from a developer to put up the land parcel for tender. The unnamed...
Park Regis Singapore, a 203-room hotel in the Raffles Place area, is set to launch on November 16, marking the entry of Australian-based StayWell Hospitality Group (SWHG) into the Southeast Asian region. The new hotel marks a significant milestone in expanding SWHG's brand in major destinations across the region. SWHG currently manages over 10 Park Regis hotels particularly in Australia, and has new...
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the hotel site at Gopeng Street/Peck Seah Street for sale via public tender. The land parcel was made available for sale through the Reserve List system on 21 February 2008. URA said the developer has committed to bid at a price of not less than S$94.05 million in the tender for the land parcel. As the minimum...
A hotel site at Robinson Road / Boon Tat Street will be put up for public tender. The land parcel had been made available for sale through the reserve list system in June. The sale has been triggered by a developer's application, which had met the minimum price acceptable to the government. The developer has committed to bid at a price of not less than S$30.8 million, on a 60-year lease term. Tenderers...
Following a nearly ten-year absence, the Westin brand will stage a comeback in Singapore when a 280-room hotel opens on the top floors of Asia Square Tower 2 by 2013. Industry sources say that Starwood Hotels & Resorts has clinched the management contract to manage the hotel under the Westin brand. The hotel will be located on the 32nd to 46th floors - sitting above 26 levels of offices. There will...