- Hotel Properties Limited (HPL, SGX:H15), a luxury hotel operator and owner with exposure in property development and investments – owns and runs 42 hotels across 18 countries under renowned hospitality names such as Four Seasons, Concorde, InterContinental Hotels, Six Senses, COMO, and owns prime real estate sites in Orchard Road.
- - Read this at SGinvestors.io -
Redevelopment of HPL’s Orchard properties to unlock significant value
Ageing assets in prime Orchard.
- - Read this at SGinvestors.io -
- Similarly, voco Orchard Singapore, formerly known as Hilton Singapore, was opened in 1970 and remains one of the oldest hotels in Singapore. Although rebranded under IHG’s voco brand in 2022, the hotel has not undergone major renovations.
- HPL House, a commercial office building, has also been operational for several decades.
Provisional Permission (PP) granted for redevelopment of these three properties.
- Read more at SGinvestors.io.