Local investor Hoi Hup has paid SGD475m for the Andaz hotel in Singapore. The price for the 342-room hotel equates to around SGD1.39m per key, reports the Straits Times.
The hotel opened in 2017 and was developed by joint venture M+S, as part of the mixed used Duo project. The first Andaz to open in South-east Asia, the property is managed by Hyatt.
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