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BT EXCLUSIVE

Two hospitality assets flipped for 30-70% profit in just months

Darby Park Executive Suites seller pockets S$67 million gain, Wangz Hotel sold for S$14 million mark-up

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Royal Group is understood to have sold Darby Park Executive Suites for S$160m, after having the site rezoned from residential to hotel use.

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The new owner of Wangz Hotel was drawn to its unique barrel-shaped design.

Singapore

TWO Singapore hospitality assets - one along Orange Grove Road and the other in Outram Road - have been flipped for handsome gains after holding periods of just under a year.

The Outram Road deal, involving the distinctive barrel-shaped Wangz Hotel, yielded a gross gain...

sentifi.com

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