Pan Pacific Hotels Group Sold PARKROYAL on Kitchener Road in Singapore for SGD525million
Singapore-based Pan Pacific Hotels Group sold PARKROYAL on Kitchener Road in Singapore to Singapore-based Midtown Properties Pte. Ltd., who is part of Worldwide Hotels Group, at SGD525million. This is the largest single-asset hotel transaction in Singapore and the second largest in Asia Pacific in 2023. The 542-key freehold property is located in the historic Little India district near Farrer Park MRT station and is in close proximity to City Square Mall and Mustafa Centre.
