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...