Sentosa hotel on the market for S$300 million
The Le Meridien S'pore, Sentosa is owned by Treasure Resort, which is majority owned by Rodney Tan and his family
Singapore
THE hotel that was formerly known as Movenpick Heritage Hotel Sentosa and is being rebranded into a Le Meridien has been put on the market.
Sources say the asking price is S$300 million, although two recent valuations were done at S$270 million and S$284 million. These valuations work out to S$1.41 million and S$1.49 million per room respectively.
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