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Hotel projects capturing interest of investors, developers

IBIS Singapore Novena is latest in list of S'pore hotels to go on market or have been sold

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Published Wed, Jan 23, 2019 · 09:50 PM
    Hotel deals in 2018

    Singapore

    IBIS Singapore Novena, currently owned by Alpha Investment Partners, is understood to be on the market for an asking price of some S$240 million - underscoring the rising interest in hotel developments from developers and investors here.

    Alpha Investment Partners, the private fund management arm of Keppel Capital Holdings, had scooped up the 241-room business hotel in 2013 from the Kum family for S$150 million through the Alpha Asia Macro Trends Fund (AAMTF) II.

    Hotels

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