What was the only hotel investment transaction in Singapore in Q3?

A hotel was sold for S$160 million during the quarter.

Stronger tourism activity and a softer interest rate environment continued to attract investment interest in Singapore’s hotel properties, said Savills in a report.

Although transaction volume and value declined compared to the first two quarters of 2025, one hotel transaction was still concluded in Q3.

Here’s more from Savills:

This was for the 344-room Hotel Miramar Singapore, at 401 Havelock Road, was sold at S$160.0 million to Aravest, a private fund owned by Japan’s Sumitomo Mitsui Finance and Leasing Co (SMFL) unit’s SMFL Mirai Partners (Singapore) and Kenedix.

Situated near the Singapore River, the property sits on a site with a balance leasehold tenure of about 41.5 years and offers significant value-add potential, including the opportunity to unlock around 100,000 sq ft of unutilised GFA.