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Case Study

Swissôtel Merchant Court Sold

Swissôtel Merchant Court, Singapore
On behalf of our client LaSalle Asia Opportunity II SARL  we sold the riverfront 476-room Hotel located in the bustling Clarke Quay district to TA Enterprise Bhd, a Malaysian based listed company. The sale price was around circa US$188m representing approximately US$396,000 per key.
Despite a challenging global economic climate, this marks one of the largest hotel transactions in Asia Pacific in 2009. It is also a transaction which Jones Lang LaSalle Hotels has twice successfully represented the seller, the first being in 2006. For more information please contact one of our investment experts in Singapore.

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