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RB Capital said to be in exclusive due diligence on Andaz hotel at Duo

Singapore

RB Capital is understood to be conducting exclusive due diligence for Andaz Singapore at the Duo project with a view to buy the 342 room hotel.

The hotel occupies the upper levels of the 39-storey tower in the Beach Road mixed development by M+S Pte Ltd, a 60:40 joint-venture between Malaysia's Khazanah Nasional and Singapore's Temasek Holdlings.

Talk in the market is that RB Capital could be negotiating to buy the hotel for around S$470-480 million, which would work out to about S$1.4 million...

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