:Fashion hotels for Singapore:

:Fashion hotels for Singapore:
 
:No-frills establishments :offering high-tech amenities :aimed at business travellers
 
MILLENIUM and Copthorne Hotels (M&C) may build up to five more “limited service” hotels in Singapore, if the one currently under construction along Mohammed Sultan Road takes off.
 
The London-listed hotel group’s chief executive Richard Hartman, revealing this yesterday during an interview, [...]

Hotel rates up while occupancy dips

Hotel rates up while occupancy dips
ADRs at 5 and 4-star hotels rise 20% and 26% from last year
 
 
IN the first five months of this year, average daily rates (ADRs) for five and four-star hotels in Singapore increased 20 per cent to $331 and 26 per cent to $234 respectively from 2007. But occupancy rates dipped [...]

Hotel investments in Asia likely to drop to US$3b in 2008

Hotel investments in Asia likely to drop to US$3b in 2008
 
SINGAPORE: Asia is likely to register a sharp slowdown in hotel investments across the region this year, according to Jones Lang LaSalle Hotels.
 
The hotel investment advisory company said hotel sales in Asia may drop by as much as 75 per cent, compared to last [...]

Room rates at top-tier Spore hotels still rising

Room rates at top-tier Spore hotels still rising
Room rates for top-tier hotels in Singapore are still rising even as occupancy rates are easing off.
 
Figures released by hotel investment services firm Jones Lang LaSalle Hotels today, showed that the average daily rate for five-star hotels in May went up by 20 per cent to 331 [...]

Hiap Hoe-SuperBowl top bid for hotel site below forecast

Hiap Hoe-SuperBowl top bid for hotel site below forecast
 
Group is aiming to build 3-star hotel that caters to China, India markets
 
By KALPANARASHIWALA
 
A JOINT venture between Hiap Hoe Ltd and its sister company SuperBowl Holdings Ltd yesterday placed a lower-than-expected top bid for a hotel site in the Balestier area opposite the Sun [...]

Old schoolhouse to become hip hotel

Old schoolhouse to become hip hotel
 
By Tessa Wong
 
ITS rooms once housed students thumbing through textbooks and reciting Chinese poetry.
 
But next year, a pre-war building in Little India will start hosting well-heeled travellers keen on spending a night or two in hip luxury.
 
A hotelier known for his unconventional tastes is giving the Dickson [...]

Just three lacklustre bids for Balestier hotel site

Just three lacklustre bids for Balestier hotel site
 
Financial climate and site’s high development requirements may be behind poor showing
 
By Joyce Teo
 
A SPRAWLING Balestier Road hotel site integrated with a park attracted just three bids, all well under expectations.
 
A market expert had tipped a price of about $150 million to $200 million, or $350 [...]

Location, location

Location, location
 
Balestier Road hotel site draws three bids
 
Thursday • July 17, 2008
 
 
 
THREE companies have entered bids for a hotel-and-park land parcel along Balestier Road, compared to the zero interest for a Little India hotel site tender that closed just two months ago.
 
Of the three, the top bidder was HH Properties, a unit [...]

Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site

Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site
 
SINGAPORE : Property developer Hiap Hoe has put in the top bid of S$73.3 million for a hotel site at Balestier Road and Ah Hood Road.
 
The price works out to S$172 per square foot per plot ratio for the 99-year leasehold site. [...]

LTA and URA explain why hotel had to go

LTA and URA explain why hotel had to go
 
WE THANK readers for sharing their views about the New 7th Storey Hotel. The Land Transport Authority carried out a comprehensive study and explored all options to construct the Downtown Line 1 (DTL1) and the new Bugis station. After exhausting all options, we concluded there was no [...]