IBIS Singapore on Bencoolen, a three-star hotel, has been sold just 18 months after it opened its doors. Details were not disclosed but it is understood a Singapore private investor paid a figure above $200 million for it. The hotel was put up for sale via a private tender in June by joint owners LaSalle Investment Management and French hotel group Accor. They announced the sale yesterday, but did not...
Ibis on Bencoolen
Ibis Singapore on Bencoolen, a three-star hotel that opened its doors in February last year, has been put up for sale via a private tender. Results of the tender will not be out until next month, though market watchers are guessing that the 538-room hotel could fetch more than $200 million. Ibis Singapore is owned by hospitality group Accor and real estate investor LaSalle Investment Management in a...