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Hoi Hup Sunway Novena Pte Ltd and Marriott International to open Courtyard by Marriott Singapore Novena

250-room hotel set a strategic milestone as the first Courtyard-branded hotel in Singapore


Singapore; February 28, 2014 – Hoi Hup Sunway Novena Pte Ltd has today signed an agreement with Marriott International (NASDAQ: MAR) to open Courtyard by Marriott Novena in Singapore. Marriott International is going to manage this 250-room property that is the first Courtyard branded hotel in this market and scheduled to open in 2017.  Jones Lang LaSalle’s Hotels & Hospitality Group (“JLL H&H”) acted as an exclusive advisor for Hoi Hup Sunway Novena Pte Ltd, a joint venture between two renowned developers in Singapore, Hoi Hup Realty Pte Ltd And Sunway Developments Pte Ltd. to successfully negotiate this Management Agreement. 

Courtyard by Marriott Singapore Novena will feature 250 guest rooms in a 33-storey mixed-use development. Complimented by Royal Square at Novena that consists of restaurants, retail shops and medical suites, guests at Courtyard by Marriott Singapore Novena also enjoy excellent accessibility to the city centre and proximity to the popular shopping belt in Orchard Road. 

“We are very excited about the collaboration with Marriott International, to bring in the very first Courtyard by Marriott, right here in Singapore” says Mr Wong Swee Chun, Director of Hoi Hup Sunway Novena Pte Ltd. “The hotel is located next to Novena MRT station, surrounded by offices, shopping malls and the upcoming health city, and is definitely adding a new dimension to the Novena’s skyline.”

Tasos Kousloglou, Senior Vice President, Asset Management, Jones Lang LaSalle, Hotels & Hospitality said, “As one of the most successful and entrepreneurial international hotel brands, Courtyard by Marriott is an exciting addition to Singapore’s hotel landscape. The transaction represents the successful pairing of a leading property developer and a leading international operator. It demonstrates our unique capability in aligning their interests for a successful modern essential hotel in a mixed-use development.”

“We would like to thank Hoi Hup Sunway Novena Pte Ltd for their trust with Marriott International and the Courtyard brand. Courtyard is designed for frequent business travellers who are driven by success and enjoy the break from routine that travel offers. Leisure travellers will also be attracted by Courtyard because of the smart and energizing experience as well as a range of choices it offers.  The Courtyard by Marriott Singapore Novena has set a strategic milestone as the first Courtyard-branded hotel in this important city, we look forward to unveil this stunning hotel in 2017.” said Simon Cooper, President & Managing Director of Asia Pacific for Marriott International.

The new hotel will be conveniently located next to Novena MRT Station and the Novena neighbourhood features a commercial hub with regional and multinational corporate offices, upscale shopping centres, an established medical hub and private high-end residential developments. 


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About Jones Lang LaSalle 
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. 
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 27,500 employees operating in 80 offices in 15 countries across the region. The firm was named ‘Best Property Consultancy’ in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. www.jll.com/asiapacific     

About Hoi Hup Realty Pte Ltd
Hoi Hup Realty Pte Ltd is a leading niche property developer in Singapore recognised for its development of premium residential projects in prime districts in Singapore. In recent years, the company received several awards including the BCI Asia Top 10 Developers 2013 Award, BCA Construction Excellence Award 2013, Singapore 1000 and Fast Growing 50 in 2011. 
For more information, please visit www.hoihup.com

About Sunway Developments Pte Ltd
Sunway Developments Pte Ltd is a wholly owned subsidiary of Sunway Concrete Products (S) Pte Ltd, a Sunway Group Company. The Sunway Group Company is one of Malaysia’s most formidable property-construction groups, with a multitude of established businesses in more than 40 locations worldwide. Sunway’s property division is an award-winning property developer and a master community builder that create integrated and sustainable environment for living, learning, working and leisure. The company boasts an extensive portfolio of residential, commercial, hospitality, retail and leisure properties. It also prides itself on vast experience in managing and developing innovative quality residential and non-residential properties. The two developers have worked together on several projects, including on-going and completed developments.
For more information, please visit www.sunway.com.my

About Marriott International 
Marriott International, Inc. (NASDAQ: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 3,900 properties in 72 countries and territories and reported revenues of nearly $13 billion in fiscal year 2013.  The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our web site at www.marriott.com , and for the latest company news, visit www.marriottnewscenter.com.