Worldwide Hotels inks green loan facility worth $405 mil

/ EdgeProp Singapore
June 1, 2021 6:18 PM SGT
SINGAPORE (EDGEPROP) - Worldwide Hotels Group has secured its first green loan facility worth $405 million from Maybank Singapore for its new hotel and commercial development, 8 Club Street. (See: DC rates increase by 0.3% on average for non-landed residential and decrease 1.5% for commercial)
Artist's impression of the main hotel lobby (Credit: Worldwide Hotels)
Once completed in 2022, 8 Club Street will be a 19-storey, four-star hotel with 900 rooms and commercial spaces comprising restaurants and shops within the CBD and Chinatown precinct.
The hotel will be connected to Chinatown and Telok Ayer MRT stations, and China Square, through a pedestrian link.
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