F1 weekend a bonanza for hospitality plays
Hospitality trusts are riding a strong recovery in international travel, but they have delivered varied returns to investors
Ben Paul
IF YOU have a last-minute urge to immerse yourself in the Singapore Formula 1 (F1) Grand Prix this weekend by checking into a hotel close to the race circuit, the Fairmont Singapore might be able to accommodate you in a 484-square-foot (sq ft) room with a balcony – from upwards of S$1,405 per night.
Alternatively, the Pan Pacific Singapore is quoting S$1,580 per night for a 495 sq ft room under its “Singapore Night Race Track-facing Offer”.
If you really have money to burn, you could get a Premier Suite at the Ritz-Carlton Millenia at a “special event rate” of S$4,800 per night.
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