The Urban Redevelopment Authority (URA) will be launching a hotel site at East Coast Road for sale by public tender. The authority said it had accepted an application from a developer for the site to be put up for public tender. The developer had committed to bid at a price of not less than S$160 million in the tender for the land parcel which is located at the junction of East Coast Road and Joo...
Singapore Hotels
BIG Hotel, a newly opened 16-storey hotel located at 200 Middle Road, has been put up for sale. The hotel sits on a freehold site of about 20,162 square feet. The development has 308 rooms, 3 retail shops and 40 car parking lots, occupying a total gross floor area of 94,657 sq ft. Marketing agent Colliers International said the sale is subject to the retention of the existing brand name and hotel...
The Westin hotel is making a comeback in Singapore after a 10-year absence. Its owner Starwood Hotels and Resorts is aiming to double its footprint in Asia in the next three to five years. The group has about 160 new hotels in the pipeline for Asia, one of them - The Westin Singapore - is due to open this November. It is looking to fill 300 job vacancies, amid the tight labour...
The government has released a hotel site at Havelock Road for application from interested developers. In a statement, the Urban Redevelopment Authority (URA) said it has released the detailed sales conditions for the land parcel, which consists of three conserved warehouse buildings fronting the Singapore River. The plot is on the Reserve List for the first half 2013 Government Land Sales (GLS)...
As more organisations start to relocate all or part of their operations outside of the city centre in Singapore, analysts say there has been strong demand for hotels in business parks in recent years and hoteliers have only just began to tap those opportunities. Capri by Fraser, located within the Changi Business Park, is running at an average occupancy rate of 80 per cent each month. About nine in...
Singapore's skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station. Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre. At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall...
Park Hotel Group has agreed to sell Park Hotel Clarke Quay to Ascendas Hospitality Trust for S$300 million. The hotel is located in the Clarke Quay area, started operations in 2009. The hotel has 336 guest rooms and suites. Source : Channel NewsAsia – 8 Apr...
The number of hotel rooms in Singapore is expected is to grow by more than 20 percent to about 53,000 rooms by 2015. This is according to a research report by property consultancy Knight Frank. It says mid-tier hotels like Dorsett Regency Hotel, Ramada Singapore, and Changi Cove Hotel, will form almost half of the total future supply. With an influx of new rooms in the market over the next two years,...
Despite the regional economic uncertainty, the Pan Pacific Hotels Group is betting that Singapore's tourism and hospitality industry will remain robust this year, with big expansion plans after a period of relative quiet. The newest addition to the group's Singapore portfolio, the upper upscale Parkroyal on Pickering hotel opens its doors today after about four years of construction. While it will likely...
Budget hotels in Singapore are outpacing their five-star counterparts by a number of measures. They are being built at a greater pace, and they are also fuller. More are in the pipeline for 2013 and 2014, as demand for budget travel continues to grow. And with new attractions like the Marine Life Park at Resorts World Sentosa to attract visitors, industry players see positive outlook for the...