The 134-room SO/ Singapore Hotel on Robinson Road has been acquired by Viva Land

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Viva Land, through its subsidiary Viva Ventures So Holdings, has signed an agreement to purchase the company that owns SO/Singapore Hotel at a price of $240million from developer Royal Group.

The hotel is situated at the intersection at the intersection of Robinson Road and Boon Tat Street, across the road from the Lau Pa Sat food centre. The hotel is a redevelopment of the previously-owned Ogilvy Centre. Royal Group was awarded the bid for the leasehold leasehold for 60 years conservancy site in 2011, after having submitted the most expensive offer of $86 million. 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 is $1.8 millions per key.

In a press release that announced the deal, Alfred Ong, managing director of Viva Land, says the group is looking at the opportunity to move the hotel in the accommodation area within the CBD.

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