Jones Lang LaSalle Property Consultants Pte Ltd / Jones Lang LaSalle’s Hotels & Hospitality Group has been retained by ERC Unicampus Pte Ltd (the “Owner”) on a sole and exclusive basis to offer for sale BIG Hotel Singapore (the “Prop-erty” or “BIG Hotel”), a new 308-key limited-service boutique hotel, on a sale and leaseback basis.
Combining innovative design and highly-efficient functionality with a prominent location in the heart of Singapore’s thriving Cultural Civic District, BIG Hotel has achieved consistently high levels of trade since its launch in mid-2013. With the Property’s reputation already established, high performance is expected to continue, and 2Q2014 saw BIG Hotel achieve record revenues. The Property is being offered with the benefit of a secure lease for the first three years and the potential for vacant possession thereafter.
The gateway city of Singapore is one of Asia’s most important hubs for business and international transportation. Following the opening of ground-breaking government-led initiatives such as Resorts World Sentosa and Marina Bay Sands, the city’s business and leisure tourism traffic has continued to grow at an impressive rate.
