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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

Hotelier News

DUO unveils new Andaz Hotel

SINGAPORE: Property developer M+S has roped in hotel operator Hyatt to operate a hotel in its upcoming DUO development.

A management agreement was signed on Tuesday (Jan 27), under which Hyatt will launch its Andaz brand in Singapore. 190 more words

Hotelier News

Singapore: Hotel room rates up despite falling occupancy

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

Hotelier News

OUE to acquire Changi Airport hotel for S$495m

OUE Hospitality Trust (OUE H-Trust) has agreed to buy Crowne Plaza Changi Airport (CPCA) and Crowne Plaza Changi Airport Extension (CPEX) from OUE Ltd for a total of S$495 million. 227 more words

Hotelier News