Loh Lik Peng sells Wanderlust Hotel
8M Real Estate is paying S$37m for 29-room freehold property in Little India
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Kalpana Rashiwala
Singapore
WANDERLUST Hotel along Dickson Road in the Little India Conservation Area, is changing hands.
A company linked to Loh Lik Peng, founder of hotel and restaurant group Unlisted Collection, is selling the freehold four-storey conserved building for S$37 million. The building, which has a built-up area of about 15,000-16,000 sq ft, is on a 4,634 sq ft site. The buyer is 8M Real Estate, a Singapore-based privately-held property investment company.
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