Singapore Hotels

URA offers sweeteners to Orchard OG, Midpoint and Faber House to spur Orchard makeover

The Urban Redevelopment Authority (URA) is offering the owners of Midpoint Orchard, Orchard OG and Faber House sweeteners to spur them to redevelop as part of Singapore’s plan to rejuvenate its most famous shopping belt. Observers said that this could be a way to negotiate the tricky situation surrounding Midpoint Orchard – a strata-titled building which, The Straits Times understands, has about 60...

Chinatown’s Porcelain Hotel up for sale with S$115m guide price

The Porcelain Hotel, a 138-key boutique hotel in Chinatown, is up for sale via expression of interest with a guide price of S$115 million, joint marketing agents CBRE and Edmund Tie said on Thursday. Housed in a row of adjoining conservation shophouses at 46 to 50 Mosque Street, the 99-year leasehold hotel occupies a land area of 10,143 square feet (sq ft) and an estimated gross floor area (GFA) of...

Singapore’s first shipping container hotel springs up in one-north

Two years ago, Mr Seah Liang Chiang thought of building his own tiny house in Johor. On Friday (Jan 17), that DIY weekend retreat project turned into a business. Mr Seah has launched Singapore's first hotel made using shipping containers. For S$150 to S$200 a night - depending on whether it is peak or off-season - up to four guests can stay in one of two cabins in one-north. Mr Seah said he...

Commercial, residential buildings to find new life as hotels

Developers continue to jump on the hotel-conversion bandwagon, with Fragrance Group for its flagship office building in Alexandra Road and Lian Beng for Wilkie Edge among the latest to have received nods from the Urban Redevelopment Authority (URA). The trend is being fuelled by the rise in hotel land values and a perceived shortage of hotel room supply on the island; this follows URA generally having...

CDL Hospitality Trusts to sell Novotel hotel for S$375.9m, buy W Singapore hotel for S$324m

CDL Hospitality Trusts (CDLHT) will sell Novotel Singapore Clarke Quay, part of a Liang Court site for redevelopment, for S$375.9 million and make an up-to-S$475 million forward purchase of a new hotel that will be part of the new integrated development. In a bourse filing on Thursday, CDLHT said it will also buy W Singapore hotel at Sentosa Cove for S$324 million. The 403-key Novotel hotel will be...

Hotel Compass in Geylang up for sale with S$23-25m guide price

Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...

Singapore hospitality deals hit record S$2.8b in Q3: Colliers

Hospitality deals in Singapore reached the highest level recorded on a quarterly basis, hitting S$2.8 billion in the third quarter, according to real estate firm Colliers International’s report on Thursday. This was six times that of the previous quarter and 19 times that of the previous year, and comes on the back of significant transactions such as Bay Hotel, Mandarin Orchard and Crowne Plaza Changi...

Hotel Compass in Geylang up for sale with S$23-25m guide price

Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...

Owner seeking at least S$155m for Killiney Rd freehold hotel site

A Killiney Road freehold hotel development site is up for sale via an expression of interest exercise, with owner private equity firm Lucrum Capital seeking in excess of S$155 million for it. Located in the Orchard Road precinct, the site has a land area of 13,148 square feet (sq ft) with a gross plot ratio of 2.8, and provisional permission has been obtained to rezone the site for hotel use. This...

Singapore hotel room rates to rise by 2% in 2020: report

Singapore’s hotel room rates are expected to rise by 2 per cent in 2020, following “significant” investments into the travel market, according to data from American Express Global Business Travel (GBT) on Friday. Such investments, which includes the multibillion dollar expansions of Changi Airport and Resorts World Sentosa, are expected to increase tourism and the meetings, incentives,...

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