HOI HUP REALTY PTE LTD HAS ENTERED INTO BINDING AGREEMENT TO ACQUIRE ANDAZ SINGAPORE
Singapore, 8 Oct 2019 – Hoi Hup Realty Pte Ltd wishes to announce that a binding agreement has been entered into with Ophir-Rochor Investments Pte Ltd, a wholly owned subsidiary of M+S Pte Ltd, for the purchase of the entire issued and paid-up share capital of Ophir-Rochor Hotel Pte Ltd, the holding company of Andaz Singapore.
About Andaz Singapore
Andaz Singapore is a luxury lifestyle hotel operated by Hyatt International. It was opened on 1 Jan 2018 and is located at the apex of the iconic DUO Tower from level 24 to level 39. The hotel features 342 contemporary guest rooms, 4 F&B outlets and a wide range of meeting and banqueting facilities.
Mr Wong Swee Chun, Chairman said: “We are attracted to the rarity of this high-quality luxury hotel offering, its historic significance being one of the established projects by M+S Pte Ltd. We are especially excited by the strategic location of the Hotel, with Andaz Singapore occupying a key node in the transformative Beach Road / Ophir-Rochor Corridor. We are confident that Andaz will fulfill its potential to become one of the leading luxury hotels in Singapore.”