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.
ADVERTISEMENT
The EOI exercise will close on Feb 26, 3pm.