KEY HIGHLIGHTS
• CHEAP ENTRY INTO HOTEL ASSET (permanent hotel license) — below $1M per key
• 2 mins walk to Clarke Quay MRT
• Approx. 240m to Clarke Quay
• 6-storey conserved shophouse presently operating as a boutique hotel
• Ground floor F&B space of approx. 1,051 sqft
• 80–90% occupancy
• Can be acquired vacant or with existing operator
• Approx. $6M lease top-up in 2018
• Approx. $6M renovation + lift investment
PROPERTY STATS
• Land Size: 2,072 sqft
• Built-up: 8,872.15 sqft
• 6-storey conserved shophouse
• Ground Floor: F&B establishment
• Upper Floors: Hotel accommodation
• 5th Floor: Courtyard and accommodation
• 6th Floor: Outdoor space and Jacuzzi
CHEAP HOTEL INVESTMENT IN CLARKE QUAY
A price-attractive hotel opportunity in a highly central location, offered at below $1M per key.
The property is a 6-storey conserved shophouse, presently functioning as a boutique hotel, with its ground floor leased to an F&B establishment. The additional F&B component provides a complementary commercial income stream within the asset.
Located just 2 minutes' walk from Clarke Quay MRT and approximately 240m from Clarke Quay, the property sits within a well-established lifestyle, dining and hospitality precinct with strong accessibility.
SIGNIFICANT CAPITAL INVESTMENT
Approximately $6M was invested into the lease top-up in 2018, with a further $6M spent on renovation and lift works, representing substantial capital committed to the property.
The hotel currently operates at approximately 80–90% occupancy.
FLEXIBLE ACQUISITION
Incoming investors have the flexibility to acquire the property with the existing operator or vacant, allowing for different ownership and operational strategies.
A rare opportunity to acquire a centrally located conserved shophouse hotel at an attractive sub-$1M/key entry point, just minutes from Clarke Quay MRT.
ENQUIRE NOW
Contact STEWARD Asia for further information, financials and viewing arrangements.
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