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BT EXCLUSIVE

Wangz Hotel being sold for S$46m

The price works out to S$1.12 million per room for the freehold boutique hotel at the corner of Outram Road and Tiong Bahru Road

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The property is being bought by TCRE Partners, which is controlled by Danny Koh and Ben Yeo and his family.

Singapore

WANGZ Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million.

This works out to S$1.12 million per room for the six-storey freehold boutique hotel, which opened in late 2009.

The 41...

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