Hiap Hoe upbeat about Zhongshan Park's competitive edge
A PIPELINE of new hotels over the next two years will put pressure on revenue and labour at Hiap Hoe's Zhongshan Park integrated development but the company remains bullish about prospects.
Executives spoke yesterday at the official opening for the $300 million project in Balestier comprising the Days and Ramada hotels, the 50,000 square feet Zhongshan Mall and the 13-storey Hiap Hoe Office Tower.
Tony Cousens, the general manager for the two hotels, noted that there is expected to be more than 5,000 new hotel rooms in Singapore over the next two years.
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