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Claremont hotel going for S$90m

Price for freehold budget hotel in Little India works out to S$1m per room

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DISTRICT 8 HOTEL: The Claremont is a stone's throw from Farrer Park MRT Station; it is also near Mustafa Centre and City Square Mall. The hotel is owned by Parvinder Chopra, a Singapore permanent resident, and also a US-based hotelier.

Singapore

THE Claremont hotel along Serangoon Road, near the junction of Owen Road, has been put up for sale. The guide price for the eight-storey, freehold budget hotel is about S$90 million, or S$1 million per room.

Knight Frank, which is marketing the 90-room property through an

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