Big Hotel back on market - now with leaseback deal
Asking price is expected to be S$270m-S$280m
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[SINGAPORE] Big Hotel along Middle Road is back on the market - this time on a sale-and-leaseback arrangement.
It is being offered through an expressions of interest (EOI) exercise being conducted by JLL. Submissions are due on Oct 28.
The expected asking price for the 308-room freehold hotel, which opened in May last year, is understood to be between S$270 million and S$280 million, translating into between S$877,000 and S$909,000 per room.
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