Le Meridien Singapore on Sentosa, formerly known as Movenpick Heritage Hotel Sentosa, has been put on the market. ST understands the five-star hotel came under management of professional services firm PwC Singapore about a month ago. Interested parties are invited to bid for the five-star hotel’s business and assets on Sentosa. All bids will be kept private and confidential, said the ad. The closing date for submission is on June 4. Under URA’s Master Plan 2014, the site is in a conservation area with hotel use. Le Meridien has a land area of nearly 101,600 sqft and its GFA is nearly 144,000 sqft. Le Meridien Singapore, Sentosa was owned by Treasure Resort, which is majority-owned by Rodney Tan and his family. Mr Tan and his family are understood to have acquired in June 2007 the majority stake in Treasure Resort, which owned the heritage block and an attached piece of land.... Continue Reading