South Beach, Studio M owner exploring external operators
Hong Leong Group's exercise aims to lift trading performance of properties amid intense competition and sea change
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INTENSIFYING competition in the Singapore hotel market has upped the ante for owners to look for ways to enhance performance and profits amid a soft market.
The Hong Leong Group, one of the most established hotel owners and operators in Singapore, is said to have engaged JLL Hotels to study the feasibility of appointing international hotel chains to manage two of the group's Singapore hotels - The South Beach opposite Raffles Hotel and Studio M Hotel along Mohamed Sultan Road.
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