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Park Hotel bags S$237m green loan from UOB

Proceeds will be used to refinance the refurbishment of Grand Park City Hall, a hotel it owns and manages

Wed, Feb 26, 2020 - 5:50 AM

Vivienne Tayvtay@sph.com.sg@VivienneTayBT

Grand Park City Hall sought to incorporate sustainable and smart features in its 2017 refurbishment plans.

PHOTO: PARK HOTEL GROUP

Singapore

HOSPITALITY player Park Hotel Group has secured a S$237 million green loan from United Overseas Bank (UOB) to refinance the refurbishment of Grand Park City Hall, a hotel it owns and manages.

The loan was issued under the UOB Real Estate Sustainable Finance Framework, the...

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