, Singapore
152 views
Photo by Anthony Lim via Unsplash

Hotel sector remains strong in H1 with $1.9b deal

The four-star segment dominated with $1.4b (US$1.11b) across eight deals.

Singapore’s hotel sector remained strong into 2024 and the first half of 2025, as deals totalled over $1.9b (US$1.5b) across 13 transactions, according to a Global Assets Solutions report.

The four-star segment dominated with $1.4b (US$1.11b) across eight deals, averaging about $179m (US$139m) per deal and $775,170 (US$601,000) per key.

The average price per transaction of four-star hotels was significantly higher than in the luxury segment, indicating that upscale properties with more rooms attracted the interest of investors.

Meanwhile, the luxury segment focused on boutique hotels, most of which have fewer than 80 rooms. Five-star rooms sold at the highest prices, averaging over $1.57m (US$1.22m) per room.

However, room inventory grew less than 2% in five years due to high construction costs and developers focusing on smaller, profitable projects instead of new large hotels.

($1=US$0.77)

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.