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Park Hotel bags S$237m green loan from UOB

Proceeds will be used to refinance the refurbishment of Grand Park City Hall, a hotel it owns and manages

Vivienne Tay

Vivienne Tay

Published Tue, Feb 25, 2020 · 09:50 PM

Singapore

HOSPITALITY player Park Hotel Group has secured a S$237 million green loan from United Overseas Bank (UOB) to refinance the refurbishment of Grand Park City Hall, a hotel it owns and manages.

The loan was issued under the UOB Real Estate Sustainable Finance Framework, the bank said in a joint statement on Tuesday.

UOB

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