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