Two new boutique hotels are coming up. The 40-room Santa Grand Hotel Chinatown, located on the third floor of a shophouse at 20 Trengganu Street, had its soft opening just last month. 'We just started, so the occupancy rate right now is about 40 per cent,' said Alan Lim, general manager of the Santa Grand group of hotels. 'We anticipate that through September, a big month for Singapore tourism with the...
Singapore Hotels
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Clemenceau Avenue/Havelock Road to RB Capital Hotels. The company submitted the highest bid of S$101.1 million for the site. This translates to S$8,751 per square metre per plot ratio. The site had attracted a total of 13 bids, with the remaining bids ranging from some S$50.1 million to S$96 million. The tender for the...
The Urban Redevelopment Authority has received 13 bids for the hotel site at Clemenceau Avenue/Havelock Road at the close of the tender on Tuesday. RB Capital Hotels submitted the top bid at S$101 million. This translates to S$8,751 per square metre per plot ratio (psm ppr). The second highest bid of S$96 million came from Tampines Court, a unit of Golden Development. The bid works out to S$8,308 psm...
Hotel room rates in major Asian cities are largely trending upwards, led by Singapore, Hong Kong and Tokyo. Overall, room rates in Asia grew 3.1 per cent for the first half on a year-on-year basis, according to corporate travel firm Hogg Robinson Group. And industry experts expect the rates to increase further - to a maximum growth rate of 5 per cent for the full year. They agree that the better economic...
Observers said there could be a shortage of hotel rooms in the next six to 12 months because of more visitors coming to Singapore. In the first half, tourist arrivals grew 23 per cent on-year, but the supply of hotel rooms rose just 16 per cent. 6.5 million visitors arrived in Singapore in the last seven months. Observers said Singapore also has a fairly large captive market, with some three billion...
STANDING head and shoulders above the tired facades of an electrical shop and a coffee shop in Dickson Road in Little India is a shiny 29-room hotel, Wanderlust. Not the only new kid on the block, it faces a brand-new branch of the Hotel 81 chain of budget hotels. Just a few paces away, workers are busy moving in the lobby furniture of a yet-to-be-named 90-room hotel. These are among at least nine...
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...
Hospitality chain Leading Hotels of the World is looking to put its premier brand behind a second luxury hotel chain in Singapore. It's targetting to have something ready by year end but said the schedule hasn't been confirmed. The group's network in Singapore currently only has Capella Singapore, a luxury resort on the tourist island of Sentosa. But around the world, it represents over 450 legacy...
AUSTRALIA-BASED StayWell Hospitality Group is looking to stamp its Park Regis and Leisure Inn brands on more properties in Singapore and the rest of Asia. The first Park Regis hotel here is set to open in September, and the group also has the country's first Leisure Inn hotel on the drawing board. StayWell may be rather new to Singapore, but it is not venturing unassisted. The group's chairman is Asok...
The Urban Redevelopment Authority (URA) has launch a hotel site at the junction of Clemenceau Avenue and Havelock Road for tender. A developer showed interest in the 99-year site, next to Central Mall, committing to pay at least $40.8 million or $328 per sq ft per plot ratio (psf ppr) for it. The site is within walking distance to the Singapore River and the popular entertainment, food & beverage and...