Tristar Hotel, a four-storey hotel with 115 rooms at 1 Onan Road, has been put up for sale by expression of interest (EOI). According to Knight Frank, the sole marketing agent for the property, the guide price for the hotel is $73 million to $75 million. This translates to about $634,000 to $652,000 per key.
The hotel has a built-up area of 58,104 sq ft and is zoned as “Hotel” under URA’s 2014 Master Plan. The 99- year leasehold property offers rooms ranging from 280 to 441 sq ft, and its facilities include a swimming pool on the third floor and a business centre on the first floor.
The EOI for Tristar Hotel will close on April 6.