Coliwoo eyes $101m Changi hotel acquisition
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Coliwoo Holdings has secured a $101 million option to acquire a hotel asset at Changi Business Park, intending to convert it into co-living housing. The acquisition, through its subsidiary Coliwoo Project Ace, involves a hotel strata lot with over 250 rooms and retail space. The deal is expected to be completed by March 31 and aligns with Coliwoo's strategy to transform mature hotel assets into co-living properties, catering to demand from nearby offices and infrastructure projects.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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