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PARKROYAL on Marina Bay will be refurbished to provide its interior, including its over 4,700 sq m shared event space with Pan Pacific Singapore, a nature-inspired look.
UOL Group is set to rebrand Marina Mandarin Singapore to PARKROYAL on Marina Bay in January 2020 to tap on the numerous accolades as well as strong reviews for PARKROYAL on Pickering.
The rebranding “follows the completion in April of acquisition of additional shares in Marina Centre Holdings Private Limited (MCH) and AHPL by UOL’s subsidiary United Industrial Corporation Limited (UIC) and MCH respectively”.
The acquisitions enabled UOL and UIC to gain full control of the 790-room Pan Pacific Singapore, the 575-room Marina Mandarin Singapore and the Marina Square shopping mall.
The rebranding will see UOL – via its fully-owned subsidiary Pan Pacific Hotels Group Limited (PPHG) – anchor two of the three upper upscale hotels within the mixed-use Marina Square complex, which also includes the 527-room Mandarin Oriental Singapore.
PARKROYAL on Marina Bay will be refurbished to provide its interior, including its over 4,700 sq m shared event space with Pan Pacific Singapore, a nature-inspired look.
“As owner-operator, there are clear opportunities to reposition the hotel as a product that is inspired by landscape and greenery, similar to our PARKROYAL on Pickering,” said UOL Group Chief Executive Liam Wee Sin.
“This hotel refreshment will form part of our overall plans to explore suitable enhancement of the Marina Square complex together with UIC, thereby unlocking value for the asset as well as enhancing the brand positioning for PPHG.”
“With the addition of PARKROYAL on Marina Bay, we will own and manage more than 3,000 rooms across nine hotels and serviced suites in Singapore,” revealed PPHG Executive Vice President Neo Soon Hup.
Currently, UOL owns and/or manages over 30 hotels with around 10,000 rooms in Oceania, North America and Asia.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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