The unnamed buyer has paid a deposit of S$18.6 million, and the deal is expected to be completed next January, according to owner Hotel Grand Central.
Hotel Grand Chancellor along Belilios Road. (Credit: Grand Hotels International)
SINGAPORE: The Hotel Grand Chancellor in Little India has been sold to an unnamed party for S$248 million, owner Hotel Grand Central Ltd said on Monday (June 30).
Hotel Grand Central said the buyer has paid a deposit of S$18.6 million for the 328-room 3-star hotel at Belilios Road, and the transaction is expected to be completed in January next year.
Hotel Grand Chancellor, which opened in 2010, was valued at S$201 million back in September 2012.
Hotel Grand Chancellor in Little India sold for S$248m