HOI HUP SUNWAY NOVENA PTE LTD AND MARRIOTT INTERNATIONAL TO OPEN COURTYARD BY MARRIOTT SINGAPORE NOVENA

Hoi Hup Sunway Novena Pte Ltd has recently signed an agreement with Marriott International (NASDAQ: MAR) to open Courtyard by Marriott Novena in Singapore. Marriott International is going to manage this 250-room property that is the first Courtyard branded hotel in this market and scheduled to open in 2017. Jones Lang LaSalle’s Hotels & Hospitality Group (“JLL H&H”) acted as an exclusive advisor for Hoi Hup Sunway Novena Pte Ltd, a joint venture between two renowned developers in Singapore, Hoi Hup Realty Pte Ltd And Sunway Developments Pte Ltd. to successfully negotiate this Management Agreement.

Courtyard by Marriott Singapore Novena will feature 250 guest rooms in a 33-storey mixed-use development. Complimented by Royal Square at Novena that consists of restaurants, retail shops and medical suites, guests at Courtyard by Marriott Singapore Novena also enjoy excellent accessibility to the city centre and proximity to the popular shopping belt in Orchard Road.

“We are very excited about the collaboration with Marriott International, to bring in the very first Courtyard by Marriott, right here in Singapore” says Mr Wong Swee Chun, Director of Hoi Hup Sunway Novena Pte Ltd. “The hotel is located next to Novena MRT station, surrounded by offices, shopping malls and the upcoming health city, and is definitely adding a new dimension to the Novena’s skyline.”

Tasos Kousloglou, Senior Vice President, Asset Management, Jones Lang LaSalle, Hotels & Hospitality said, “As one of the most successful and entrepreneurial international hotel brands, Courtyard by Marriott is an exciting addition to Singapore’s hotel landscape. The transaction represents the successful pairing of a leading property developer and a leading international operator. It demonstrates our unique capability in aligning their interests for a successful modern essential hotel in a mixed-use development.”

“We would like to thank Hoi Hup Sunway Novena Pte Ltd for their trust with Marriott International and the Courtyard brand. Courtyard is designed for frequent business travelers who are driven by success and enjoy the break from routine that travel offers. Leisure travelers will also be attracted by Courtyard because of the smart and energizing experience as well as a range of choices it offers. The Courtyard by Marriott Singapore Novena has set a strategic milestone as the first Courtyard-branded hotel in this important city, we look forward to unveil this stunning hotel in 2017.” said Simon Cooper, President & Managing Director of Asia Pacific for Marriott International.

The new hotel will be conveniently located next to Novena MRT Station and the Novena neighbourhood features a commercial hub with regional and multinational corporate offices, upscale shopping centres, an established medical hub and private high-end residential developments.