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BT EXCLUSIVE

With 2 Singapore hotels in the bag, Hoi Hup aims for local portfolio

Despite S$475m tag, company's chairman made a fast decision to pick up the 5-star Andaz hotel

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Mr Koon: "Hotels in Singapore don't come by often, let alone one that is a five-star hotel. Andaz is a scarce product."

Singapore

THE price tag was almost half a billion dollars - a new record - but Hoi Hup Realty did not dither when offered the Andaz Singapore hotel in the Rochor area.

"My chairman, Wong Swee Chun, went to see the place and really liked the hotel, so the deal went through quite...

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