Far East seen as likely buyer of Le Meridien in Sentosa
It's said to be in advanced talks to buy the 191-room hotel for about S$163m
Kalpana Rashiwala
Singapore
FAR East Organization, owned by the Ng family, is likely to buy the Le Meridien Singapore, Sentosa.
The Business Times understands that the property and hospitality giant is in advanced talks to buy the 191-room hotel, which stands on a site with 57 years left on its lease, for about S$163 million.
TRENDING NOW
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Family businesses fail when members overstep their roles