Joint venture acquires former Hotel Miramar Singapore
A major Singapore riverfront property is set for a dramatic makeover following a significant investment by Aravest and Wee Hur.
A partnership between asset manager Aravest and listed firm Wee Hur has completed the acquisition of the former Hotel Miramar Singapore for SGD160 million (~USD 118.4 million). The transaction price equates to approximately SGD465,000 (~USD 344,100) per room, based on the property's 344 keys.
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