TravelNewsAsia.com
Tue, 11 July 2017

For Sale: Park Hotel Farrer Park in Singapore

Jones Lang LaSalle's Hotels & Hospitality Group has been appointed as exclusive advisor to RB Capital Farrer Hotel Pte Ltd., in the sale of the newly opened Park Hotel Farrer Park, Singapore.

Occupying a prominent site in the revitalised Farrer Park area with direct connection to Farrer Park MRT station, the hotel is situated in close proximity and connected via the MRT to the Central Business District, Orchard Road, and Marina Bay Area.

 Opened in May 2017, the 20-storey hotel features 300 guestrooms and duplex lofts. The hotel is also conveniently linked to 42 medical suites and is adjacent to an integrated medical facility which houses the Farrer Park Hospital, allowing for an unique opportunity to capture medical tourism demand as well as leisure and corporate demand.

Park Hotel Farrer Park Singapore

JLL Hotels & Hospitality Group’s Managing Director, Nihat Ercan, said, “It is no surprise that the hotel has attracted such interest as there remains a strong desire to own Singapore hotel assets amongst domestic and international investors. Singapore is a target investment destination for global buyers looking to deploy capital in a stable economic and political environment, as well as an excellent performing hotel market.” 

Offered for sale with the option of vacant possession or with Park Hotel Group managing the property, the hotel represents a good opportunity for an investor to acquire a property in one of Asia's most coveted hospitality real estate markets.

 “With the excitement of new brands coming into the market, the hotel is particularly attractive due to the vacant possession and ability of the incoming owner to brand the hotel of their choice. The Park Hotel Farrer Park is the first Singapore hotel to be offered to the market since the last comparable sale of the Grand Park Orchard and Westin Singapore in 2013 and presents a rare opportunity to own a significant asset in the tightly held Singapore market,” Mr. Ercan added.

More detailed information on the hotel, including financial, legal, and property information, is available for review upon the execution of a confidentiality agreement.

See other recent news regarding: Park Hotel, Singapore.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com