Thursday , November 14 2019
Home / ethiopia / M + S to sell Andaz Singapore to Hoi Hup Realty for $ 475 million

M + S to sell Andaz Singapore to Hoi Hup Realty for $ 475 million



Andaz Singapore, a luxury lifestyle hotel in the DUO integrated development on North Bridge Road, will be sold for a proposed S $ 475 million. This is the highest price yet for a standalone hotel in Singapore. M + S, a joint venture owned by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, said it has agreed to sell all of its shares in its wholly owned subsidiary Ophir-Rochor Hotel to real estate developer Hoi Hup Realty. Ophir-Rochor Hotel is the developer and owner of Andaz.

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