Wyndham Entering Singapore Hotel Market With Ramada and Days Brands
(ZHONGSHAN PARK, SINGAPORE) -- Wyndham Hotel Group (NYSE: WYN) plans to enter the Singapore lodging market shortly by licensing and managing two new properties after they break ground in the first half of this year.
They are the 391-room Ramada Singapore and the 405-room Days Hotel Singapore, both at Zhongshan Park. Construction will begin early this year and the hotels are expected to open in 2014.
Both new-build properties will be developed by HH Properties Pte. Ltd., a joint venture between niche property development group, Hiap Hoe Limited, and SuperBowl Holdings Limited, an owner and manager of leisure and commercial properties.
"Singapore is one of the most important business and leisure destinations in the Asia Pacific region and we are thrilled to introduce our Ramada and Days Inn brands to the market," says Tom Monahan, Wyndham Hotel Group executive vice president of international development.
"We are excited to work with HH Properties as we expand our global footprint."
To be managed by Wyndham Hotel Group, the properties will be built at Balestier Road, just opposite Sun Yat Sen Nanyang Memorial Hall, a national monument that pays tribute to the father of the 1911 Chinese Revolution.
The Balestier Road area, rich in history, is home to countless shophouses dating back to the 1840s. With a land area of approximately 17,600 square meters, the hotels will flank Zhongshan Park, creating a unique integrated development with a strong heritage connection and old world charm.
The 17-story Ramada Singapore at Zhongshan Park will include a full service restaurant, fitness center, swimming pool, business center and more than 600 square-meters of meeting space.
The 14-story Days Hotel Singapore at Zhongshan Park will feature amenities including a full service restaurant and fitness center. This will be the first Days Inn property to be managed by Wyndham Hotel Group. The company has a managed portfolio of nearly 30 hotels.
"We have spent a considerable amount of time planning the project and are now looking forward to seeing it take shape," said Teo Ho Beng, managing director of the Hiap Hoe Group.
"We selected Wyndham Hotel Group to manage the hotels based on the company's strong brands and track record and are really excited about the opportunity to work with the Hotel Group."