It has secured a temporary occupation permit recently.
Homegrown property developer Oxley Holdings Limited has secured a temporary occupation permit for its hotel development.
According to the group, the hotels are expected to commence operations in the second quarter.
The development comprises a 254-room Novotel hotel, a 518-room Mercure hotel, a 360-seat ballroom, meeting facilities, swimming pools, a fitness centre and F&B outlets. It is strategically located near to Scotts Road and minutes away from the shopping belts along Orchard Road.
"We believe that Singapore's hospitality market is expected to remain strong as the tourism sector continues to show encouraging growth. The growing tourism sector further strengthens our long-term view in investing in quality hospitality assets in Singapore and we are confident that the hotels will contribute positively to our financial performance," Oxley CEO Ching Chiat Kwong said.
He added, "The timely completion of our hotel development signifies Oxley’s capability in managing diversified property portfolios. We will continue to build up our expertise in hotel development and management to grow our hospitality business.”
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