Mama Shelter Singapore hits market for $195m
CBRE is selling the asset via an EOI exercise.
CBRE announced the sale of a new freehold seven-storey hotel, Mama Shelter Singapore Orchard, at 110 Killiney Road via an expression of interest (EOI).
The EOI will close on Thursday, 30 May, at 3 pm. The hotel has an indicative price of $195m or $1.7m per key.
Foreigners can purchase the property with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) applied.
The hotel's total floor area spans 39,628 sq ft. It has 115 guest rooms supported by facilities such as a restaurant on the ground floor and a rooftop pool and bar.
It is near retail outlets offering local and international brands and transportation modes such as Orchard Road, Somerset MRT Station, and the Central Expressway (CTE).
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