Boutique Hotel at Desker Road for sale

By
/ EdgeProp Singapore
|
January 14, 2019 6:37 PM SGT
A 25-room freehold boutique hotel on Desker Road in the Little India vicinity is up for sale by expression of interest (EOI). The site has a guide price of about $28 million to $30 million, according to marketing agent Knight Frank.
The subject property has a land area of 6,664 sq ft (Credit: Knight Frank)
The property is currently operating under the name of Hotel Marrison @ Desker, with an average occupancy rate of over 85% in the last two years.
It sits on a land area of 6,664 sq ft, with a total gross floor area of about 12,270 sq ft. The property comprises six adjoining units of two-storey shophouses with attic, and has an eating house situated on the ground floor. It has dual frontages onto Kampong Kapor Road and Desker Road.
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The EOI exercise will close on Feb 26, 3pm.
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