While several new malls are being built along Orchard Road, Meritus Mandarin Hotel has been quietly renovating its shopping wing. Mandarin Gallery will re-open in December, competing with new entrants on the prime shopping district for the retail dollar. Meritus Mandarin Hotel is turning its lobby, ballrooms and function rooms into retail space - offering four floors of shopping. The new mall will have...
Hotel
NIGHTLIFE entrepreneur Michael Ma, who runs the IndoChine group in Singapore and elsewhere, is going into hotel management with the setting up of a joint venture to be known as the LaTour IndoChine Hotel Group. It will be headquartered in Singapore. The hotel management company is designed to provide wide-ranging expertise to developers entering the realm of boutique hotels, six-star hotels as well as...
The government will launch a tender for a hotel site at New Bridge Road in two weeks' time, after a developer committed to at least S$43,888,888 for the land parcel. The site is under the Reserve List of the Government Land Sales programme. It has an area of about 0.45 hectares and will be able to generate a maximum permissible gross floor area of about 15,687 square metres with a lease period of 99...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has won the tender for a hotel site at Short Street. It had submitted the top bid of S$15.5 million for the site. The Urban Redevelopment Authority (URA) received a total of 15 bids, ranging from S$8 million to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. The...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has put in the top bid of S$15.5 million for a hotel site at Short Street. The Urban Redevelopment Authority said it received a total of 15 bids, ranging from S$8 to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. Property consultancy CBRE said the strong response...
Marina Bay Sands integrated resort has said it is on target to top out its hotel towers early next month. The company said the towers have passed level 50, just five floors away from the peak of 55 storeys. Las Vega Sands' Chairman Sheldon Adelson will attend the topping out ceremony. The integrated resort will feature facilities like casino, convention and exhibition halls, a 2,600-room luxury hotel...
The Urban Redevelopment Authority (URA) has released the first sale site at Kallang Riverside for hotel development. The 0.74-hectares land parcel will be made available on the reserve list under the Government Land Sales Programme for the first half of 2009. URA said the plot has a permissible gross floor area of 20,917 square meters with a maximum building height of 16 storeys. The site will have a...
Pan Pacific Hotels Group on Tuesday said its net profit fell 24 per cent to S$11 million in the first quarter of this year compared to the same period last year. The group's revenue also declined by 13 per cent to S$66.5 million in the three months ended March. The group said the decrease is largely due to weaker performance from its hotels. The group is pessimistic about the year ahead. It said the...
Singapore's second integrated resort operator, Resorts World at Sentosa, has refuted accusations that more than half of the 10,000 jobs available would go to foreigners. Its management says Singaporeans remain its top priority when hiring, and it is receiving up to a thousand applications a day. The comments were made at the media preview of four new hotels that will be opening on the island next...
A BRITISH newspaper report has sparked off talk that Singapore’s Raffles Hotel could change owners yet again, for the second time in four years. Citing unnamed hotel industry sources, the Times of London reported yesterday that Fairmont Raffles Hotels International (FRHI) — in which Saudi Prince Alwaleed bin Talal’s Kingdom Holding Company has a controlling stake — is putting the iconic property...