Jones Lang LaSalle Property Consultants Pte Ltd (“Jones Lang LaSalle”) has been retained by Park Hotel Group (the “Owner”) on an exclusive basis to offer for sale the Grand Park Orchard Hotel (the “Hotel”) and Knightsbridge Retail Podium (“Knightsbridge”), situated at 270 Orchard Road, Singapore (together referred to as the “Property”).
Occupying an absolute prime freehold site along the world-famous Orchard Road, the Property is located at a prominent intersection along Singapore’s largest and most popular shopping, dining and entertainment district. Built in 1984 and extensively refurbished between 2009 and 2010, the Property features the Grand Park Orchard Hotel with 308 luxurious guestrooms and suites, along with a range of facilities and services commensurate of its upscale market positioning. With its direct frontage onto Orchard Road, the Property also features a highly prized and visible retail podium – Knightsbridge – comprising a collection of popular fashion stores as well as one of Asia’s most prestigious fitness centres.
The Property is being offered for sale with the benefit of vacant possession of its Hotel component. This represents an exceptional opportunity for a strategic investor or owner-operator to acquire a well-established, unencumbered hotel asset that is underpinned by rental income from a diverse international tenant mix in its retail podium.
Detailed information on the Property is available for review upon the execution of a confidentiality agreement.