A 134-room SO/ Singapore Hotel on Robinson Road has been acquired by Viva Land Group – Amo Residence at Ang Mo Kio Avenue 1 By CDL & MCL Land (Hot Launch 2022)

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Vietnamese property company Viva Land, through its subsidiary Viva Ventures So Holdings, has signed an agreement to purchase the SO/Singapore Hotel’s owner Hotel , for $240 million. The hotel is owned by developer Royal Group.

The hotel is situated at the intersection at the intersection of Robinson Road and Boon Tat Street and is across the road across from Lau Pa Sat. Lau Pa Sat food centre. The hotel is a renovation of the old Ogilvy Centre. Royal Group was awarded the tender for the leasehold of 60 years on the preservation site in 2011, after having submitted the most expensive price of $86million. The hotel with 134 rooms, which has a total of 49 years remaining on its lease, officially opened in 2014.

The purchase price of Viva Land’s for the hotel is $240 million. This amounts to $1.8 millions per key.

In a press release, announcing the acquisition, Alfred Ong, managing director of Viva Land, says the group is looking at the opportunity to position the hotel in the accommodation area located in the CBD.

In the CBD Incentive Program, there is the potential to revive SO/Singapore along with Robinson Point which is a 21-storey office tower that is adjacent to the hotel, which is controlled by Viva Land. “We have a number of synergies that could be created between these two properties with a view to a possible renovation in Robinson Point,” Ong adds. Viva Land acquired the building from Singapore-listed Tuan Sing Holdings in 2020 for $500 million.