Kempinski Hotels to open first Singapore property

Capitol Kempinski Hotel Singapore. Photo credit: Kempinski Hotels

Kempinski Hotels is set to open its first hotel in Singapore. The Capitol Kempinski Hotel Singapore will be part of the Capitol Singapore mixed-use development in the downtown civic district. 

Singapore’s Perennial Real Estate Holdings will own and manage the hotel. The company will convert three heritage buildings into the new Kempinski property.  The Capitol Kempinski will have 157 guestrooms and suites across the restored Capitol Building and Stamford House. The hotel will share the property with the Eden Residences Capitol, the Capitol Theatre and the Capitol Piazza shopping and entertainment area. 

The Capitol Kempinski Hotel Singapore will open over the course of several phases near the end of 2018. The hotel portion of the project is slated to open in September.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The addition of The Capitol Kempinski Hotel Singapore to Kempinski’s portfolio is part of the company’s expansion into Asia. The upcoming Apurva Kempinski Bali will follow the soon after. The company currently has 25 hotels across the region. 

The Capitol Kempinski is also the company’s latest heritage property. It follows the Hotel Vier Jahreszeiten Kempinski in Munich, Germany, the Emirates Palace in Abu Dhabi, UAE, Hotel Adlon Kempinski in Berlin, Germany, the Siam Kempinski Hotel Bangkok in Thailand and the Gran Hotel Manzana Kempinski La Habana in Cuba. The portfolio also includes former royal residences, such as Ciragan Palace Kempinski in Istanbul, Turkey and Hotel Taschenbergpalais Kempinski in Dresden, Germany. 

The new hotel will be Perennial Real Estate Holdings’s most recent investment in Singapore. The company has also developed Chinatown Point shopping center, the House of Tan Yeok Nee healthcare center, the TripleOne Somerset mixed-use development, the AXA Tower mixed-use development and the CHIJMES shopping center. These are in Singapore’s civic district, central business district and Orchard Road precinct.

Suggested Articles

The latest report from STR shows negative year-over-year results in the three key performance metrics during the week of July 7-13.

Ritesh Agarwal, the company's 25-year-old founder and CEO, has signed a $2 billion primary and secondary management investment round.

By year's end, the Turkish hotel company will have five properties along the Red Sea and Mediterranean.