Topic of Interest: #Hospitality (1,581 Articles Found)

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Property investments sales up 6.9% in Q3

Singapore’s real estate investment sales increased 6.9% q-o-q and 79% y-o-y to $7.5 billion in the third quarter of 2021, on the back of higher GLS, revealed Colliers Intl. Residential sales climbed 11.6% q-o-q to $3.5 billion in…

Boutique hotel Ann Siang House reopens with mid- to long-term rental leases

Boutique hotel Ann Siang House, with 19 rooms and studio apartments, has now reopened for mid- to long-term rental leases, in a pivot from catering to short-term stays pre-pandemic. Located along Ann Siang Road in Chinatown, it comprises…

I wanted a different space on my own’: Co-living spaces gaining ground in Singapore

Having worked from home for more than a year, Ms Cherie Lim was ready for a change of environment. The 26-year-old account executive in the software industry wanted to experience the independence of living apart from her parents…

Porcelain Hotel in early stage of being sold for about S$90m

In one of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel – comprising 12 contiguous four-storey shophouses along Mosque St – is in the early stage of being transacted at about S$90 million, BT understands.…

Mice recovery spurred by border reopenings but impact limited for now

Business event organisers and venue operators in Singapore are cautiously optimistic about a gradual recovery in the coming months, as the country takes steps to reopen, although they feel the expanded number of VTLs may not be sufficient…

Extend Vaccinated Travel Lane scheme to more countries

Although the number of daily Covid-19 infections has shot up tremendously, it is time to let in more tourists. I know this sounds counter-intuitive. No country can lock down forever because people need to work. Our hotels, shops…

Woman who left SHN hotel room by climbing balcony given discharge amounting to acquittal

A Singaporean woman who was hauled to court after she climbed up to the balcony of another room while serving her SHN at a hotel in Sentosa was given a discharge amounting to an acquittal on all four…

Ascott’s co-living brand lyf to open 17 properties by 2025

The Ascott, CapitaLand Investment’s (CLI) lodging business unit, announced it has expanded its portfolio of co-living properties under the lyf brand to a total of 17 properties with over 3,000 units in 13 cities and nine countries. The…

Singapore to host Asia conference for leaders of multi-billion-dollar Mice industry

A new annual summit for regional leaders in Mice industry will be hosted by Singapore over the next three years. The first iteration of the Asia CEO Summit will be held at The Fullerton Hotel next year, with…

Vaccinated travel lanes unlikely to save Singapore tourism sector just yet

Schemes for travellers vaccinated against Covid-19 to enter Singapore could bear fruit only next year, watchers have told BT, as intl arrivals to the Republic dipped m-o-m in Aug. The latest figures were collated ahead of the early-Sept…

Singapore visitor arrivals, hotel room revenue slip month on month in August

Singapore hotel revenue declined in Aug on the month before, although less sharply than the drop in intl arrivals, which was dragged down by fewer Chinese travellers. The Republic welcomed 15,880 travellers in Aug, higher by 78.2 per…

Singapore’s hospitality sector gears up for future, beefs up digital capabilities

Hospitality firms are preparing for the new world of travel by launching concept-driven hotels and experimenting with digital tools to make the experience safer and more contactless. Take Far East Hospitality, which opened Oasia Resort Sentosa this month,…

IOI’s lone bet on Marina View is on an endemic future, 7 years on

A key source of acquiring land for development in Singapore is via participating in government land tenders. Typically, bidders submit their bids with the highest bidder prevailing. Behind the scenes, bidders would be furiously running numbers and getting…

Virtual, hybrid tourism offerings still relevant even as borders reopen: Alvin Tan

Virtual and hybrid tourism offerings are here to stay even as borders gradually reopen, said Minister of State for MTI Alvin Tan on Mon. They will help to complement real-world travel in a Covid-19 world, he added. Speaking…

Shophouses: the latest collectors’ items?

As age-old heritage properties, Singapore shophouses are proving to be a timeless asset class. Despite the onset of the pandemic last year, the market for these conservation properties has turned highly active. Mary Sai, executive director of capital…

S$650 million more to help sectors hit by renewed tightening of measures

Singapore on Fri announced S$650 million in support for sectors expected to be significantly affected by restrictions to curb the spread of Covid-19. “We had all hoped that we could put these restrictions behind us,” said Finance Minister…

Balestier Hotel sold for $15 mil

Coliwoo Holdings and Four Star have formed a JV to acquire Balestier Hotel for $15 million. The JV partners have announced that the acquisition of the hotel property is intended for the running and operation of a co-living…

IOI Properties’ S$1.508b sole bid for Marina View white site surprises market

Market watchers were mostly surprised with the outcome of Tues’s tender closing for a white site along Marina View earmarked largely for private residences and hotel use. The plot, which was triggered earlier from the government’s reserve, list…

Roxy-Pacific’s chairman Teo offers 48.5 cents to privatise company

A group of investors led by Teo Hong Lim, chairman and CEO of Roxy-Pacific Holdings, is offering to buy out other shareholders at 48.5 cents. The consortium of 11 investors already control or has secured in between them…

How does a luxury hotel turn itself into a stay-home notice facility? Behind the scenes at the Conrad Centennial

When, in the early days, COVID-19 threatened to shut down hospitality businesses, chef Low Boon Han never imagined how busy he’d be – serving up five times the amount of food the hotel normally channelled through room service…

Sentosa aims for net-zero carbon emissions by 2030; roadmap rolled out focusing on renewables, sustainability

Sentosa island is known for its golf courses, beaches and luxury hotels. But visitors will soon be able to appreciate another aspect of the island of fun – its luxuriant nature and green initiatives – through biodiversity tours…

Jail for man who left lit cigarettes on bed frame in hotel room, causing a fire

A man left about three lit cigarettes unattended in a Hotel 81 room, causing more than $7,000 in damage when a fire broke out. A hotel guest and a man who was manning the front office had to…

High stakes on the table for Singapore’s integrated resorts

The two Singapore IRs reported better financial numbers for the first half of this year compared to a year ago, but the IRs are performing far below what they were doing prior to the onset of the Covid-19…

Park Hotel Group ends management of Grand Park Orchard, S’pore portfolio shrinks to two

Park Hotel Group has terminated its mgmt contract for Grand Park Orchard hotel, bringing the number of hotels it manages in Singapore down to two from six hotels, ST learnt on Mon. In response to queries from ST,…

Park Hotel Group loses third management contract; Park Hotel Farrer Park rebranded

Park Hotel Group has lost its third mgmt contract – this time, for Park Hotel Farrer Park, following the winding up of a firm that used to own the Singapore-based hospitality group. The 300-room hotel in Little India,…

Affluent and craving space to grow, more single millennials leave the nest for greater freedom

After Mr Bryan Foo graduated from university in 2019, he told his parents that he would leave home in a year’s time. Initially, his parents were not convinced why he needed to move out. But when the Covid-19…

Ascott Residence Trust’s private placement priced at bottom end of price range

Ascott Residence Trust (ART) private placement closed about 2 times covered and was priced at the bottom end of its price range at 98.3 Singapore cents per new stapled security. It saw participation from new and existing institutional…

Four-storey hotel at Sims Avenue on sale for $23mil

Regin Hotel, a freehold four-storey hotel at 56 Sims Ave, has been put up for sale via EOI with a guide price of $23 million, revealed CBRE. This translates to about $500,000 per key or $2,166 psf based…

Covid-19: NSF gets probation after visiting female friend on stay-home notice for birthday surprise

While his friend was serving SHN in a Ritz-Carlton Millenia Singapore hotel room, Kaiser Sow went over to surprise her for her birthday. They spent an hour in the room and he was almost caught by a hotel…

Park Hotel Farrer Park relaunches under Holiday Inn brand

The 300-room Park Hotel Farrer Park, owned by RB Capital and previously managed by Park Hotel Group, has been renamed Holiday Inn Singapore Little India, effective Tues. Its new manager, global hospitality company IHG Hotels & Resorts, told…

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