As the countdown begins to Christmas Day and the New Year, hotels here are riding on the mood to celebrate. They're enjoying an increase of between five and 30 per cent in occupancy, compared with last year. It's still early and quiet on the hotel front, but the action will pick up when the party begins, as locals and foreigners head for the hotels to wind down and celebrate. Those in Marina Bay and...
Singapore Hotels
Corporate events bookings at Singapore hotels have increased this holiday season and the Singapore Tourism Board (STB) says the outlook for next year is also positive despite the economic slowdown. In Singapore, hotels are adorned in Christmas livery and preparations for year-end festivities are in full-swing. Meetings, Incentives, Conventions and Exhibitions (MICE) bookings have had a strong showing so...
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Jalan Bukit Merah / Alexandra Road to CEL Development Pte Ltd. The company submitted the highest bid in the tender for the site at $189,000,000 ($8,494.76 per square meter of GFA). The tender for the hotel site was launched on 5 October 2011 and closed on 1 December 2011. The land parcel was offered for sale on a 99-year...
The Urban Redevelopment Authority (URA) has closed the tender for the hotel site at Jalan Bukit Merah/Alexandra Road. It attracted a total of six bids, with CEL Development submitting the highest bid at S$189 million. The rest of the bids ranged between S$118 million and S$184 million. The 99-year leasehold site, which has an area of about 0.79 ha and a maximum permissible gross floor area of 22,249...
The Urban Redevelopment Authority (URA) on Wednesday released the detailed sales conditions for the land parcel at Rangoon Road/Farrer Park Station Road. The hotel site is part of the Reserve List of the Government Land Sales (GLS) Programme for the second half of 2011. Measuring 0.3 hectare, the site can generate a gross floor area of about 13,004 sq m. The land parcel is above the Farrer Park MRT...
On the back of a projected increase in tourists arrivals, analysts at CBRE Hotels now expect hotel occupancy in Singapore to exceed 86 per cent, up from its previous projection of 83 to 86 per cent. This despite an 11 per cent increase in supply of new hotels this year and an estimated six per cent increase next year and the year after. Robert McIntosh, Executive Director (Asia Pacific) of CBRE Hotels,...
The global economic turmoil is translating into a slower increase in tourist arrivals. In fact, a rise of 12 per cent forecast for this year is almost half the pace of last year's 20 per cent increase. That is likely to slow further next year as economic uncertainty keeps travellers at home, although for now, the Asian tourist dollar is holding the industry up, against economic problems in Europe and the...
The Urban Redevelopment Authority (URA) has launched the hotel site at Jalan Bukit Merah / Alexandra Road for sale via public tender today. The land parcel was made available for sale through the Reserve List system on 16 August 2007. On 22 September 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price...
Paramount Hotel will be renamed as East Village Hotel, following the completion of its sale to Far East Organisation. Far East Hospitality had bought the building together with the adjoining shopping centre for S$214 million in a collective sale. The sale was first announced last November. Far East said it is expected to take official ownership of the hotel and shopping arcade in February...
The Claymore Wing of Orchard Hotel has undergone a S$10 million makeover, with all its 331 guestrooms now fully refurbished, according to The Business Times. “I am pleased to announce that our S$10 million refurbishment project is completed and reflects our commitment to create a memorable experience for our guests,” said Lim Boon Kwee, Senior Vice-President of Asia for M&C International. All...