One last hotel site on Sentosa
Newly revamped Sentosa is done with its hunt for investors, save for a 5ha hotel site on one of its three beaches.
The site, at Tanjong Beach, is reserved for a beach resort-style hotel, but proposals will be sought only next year, Sentosa Leisure Group’s property director Gurjit Singh said yesterday.
He said the group is waiting for the winner of the integrated resort to be crowned. ‘Then we will be able to understand how to position the site,’ he told reporters at the Leisure Invest Asia conference.
Sentosa had a bumper year last year, setting records with 5.2 million visitors and $520 million in earnings.
It also drew $3.1 billion in net investments, a 68 per cent jump over the previous year.
Source : Straits Times - 30 Nov 2006
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