Big Hotel back on market - now with leaseback deal
Asking price is expected to be S$270m-S$280m
[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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand