Hotels

SINGAPORE PROPERTY

Orchid Hotel in Tanjong Pagar sold for about S$273 million

The buyer is a JV between a local developer and Westmont Hospitality; hotel is expected to be rebranded

The 16-storey Capri by Fraser China Square opened in 2019.
SINGAPORE PROPERTY

BlackRock evaluating S$330m hotel purchase in Singapore CBD, Chinatown area

The price for Capri by Fraser China Square is expected to be about S$330 million; the hotel is on a long lease with a balance of about 69.5 years

IHG Hotels & Resorts in May said that it would work with the airports arm of Adani Group to develop five hotels in key aviation hubs and debut its ultra-luxury Kimpton brand in India.

Global hotel giants bet India’s local travel boom can defy slowdown

The rush by operators to add rooms reflects a surge in demand from the country’s growing middle class

The Business Times has been available at Pan Pacific Hotels Group properties since March.
BT50

The Business Times checks into hotels around the world with latest partnerships

Travellers can access BT’s insights across more than 200 hotels by scanning QR codes

The asset up for sale comprises the Sheraton and Four Points by Sheraton Tung Chung and was first put up for sale by Shimao.

Hong Kong’s second-largest hotel risks being seized by banks

Lenders seek receivers for 1,200-room property to speed up sale and recover funds

APA built its name in Japan on a standardised formula: a long list of amenities packed into tight rooms engineered for efficiency, in dense urban locations.

Billionaire behind Japan’s tiny-room hotel empire bets on US

The heir to APA Hotels is expanding into North America, and says growth will come partly from acquisitions

Kids enjoying a bonfire on Nikoi Island.
TRAVEL

Exploring the great outdoors for school holidays

As the midyear break draws near, parents are taking their kids outdoors to rekindle their sense of adventure

Raffles Hotel's success illustrates that its heritage-rich past does have an advantage in this day and age, with modern luxury hotels being a dime a dozen.
THINKING ALOUD

Does Singapore have a shot at setting up another Raffles Hotel?

The establishment is on the list of the World’s 50 Best Hotels, and its history dates back to the colonial era

CDL maintains cash reserves of S$2.1 billion, supported by S$4.3 billion in cash and undrawn committed credit facilities.

CDL’s Singapore property sales fall to S$609.6 million in Q1, global hotel RevPAR rises 4.3%

For the three months ended Mar 31, the group and its joint venture associates sold 242 units