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BT EXCLUSIVE

Infosys co-founder's family office buys its first Singapore hotel

Nadathur Group picks up New Cape Inn in Tiong Bahru for S$67m

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The transacted price for the six-storey freehold property works out to S$881,579 per room. The buyer is expected to spruce up and rebrand the property.

Singapore

NEW Cape Inn, a 76-room freehold hotel in Seng Poh Road in Tiong Bahru, is being sold for S$67 million to a unit of Nadathur Far East, a part of the Nadathur Group.

The price works out to about S$881,579 per room.

The transacted price reflects about 2 per cent

sentifi.com

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