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JLL has been retained as the joint exclusive advisor to Oxley Gem Pte. Ltd to offer for sale the Novotel and Mercure on Stevens Singapore.

Occupying a prominent freehold site minutes’ drive from Singapore’s iconic Orchard Road, the integrated hotel development comprises the 254-key Novotel Singapore on Stevens, the 518-key Mercure Singapore on Stevens, together with a 34,000 sqft retail enclave. Given the rarity of freehold offerings of this scale and nature, the development represents a generational opportunity to acquire an institutional quality real estate asset in one of Asia’s most highly coveted real estate markets.

Key Investment Highlights:

  • Irreplaceable Freehold Site Spanning 180,000 sqft
  • Direct Proximity to Singapore’s Iconic Orchard Road
  • In-Place Cash Flow with Notable Trading Upside
  • Long Term Strategic Upside Through Potential Redevelopment
  • Global Gateway City with Buoyant Hotel Fundamentals

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Adam Bury

Senior Vice President, Investment Sales Asia at JLL

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