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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Kalpana Rashiwala
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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 expression of interest exercise that closes on July 28, were not able to list the room sizes of the hotel at the time of publication.
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