Singaporean Hotel Grand Chancellor Group sold the 193 rooms Hotel Grand Chancellor Auckland Airport to Naumi Hospitality for NZ$23.3mil. It’s New Zealand’s biggest hotel sale lately. 55 more words
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Hotel room rates rose last year though occupancy took a hit from declining tourist arrivals, according to a report out yesterday.
A room cost $260 a night on average last year, up from $258 in 2013, making Singapore one of the most expensive out of 18 cities across Asia tracked by property consultancy Cushman & Wakefield. 505 more words