PARAMOUNT Hotel, newly acquired by Far East Organization’s Far East Hospitality, will be renamed East Village Hotel and is set to undergo renovations.
Located at Marine Parade and East Coast Road, the hotel currently has 229 keys and a shopping arcade with 95 shops. The new East Village Hotel will join Far East Hospitality’s Village Hotels and Residences portfolio, which includes the Landmark Village Hotel, Albert Court Village Hotel, Changi Village Hotel, Square Village Residences, Riverside Village Residences, Hougang Village Residences and West Coast Village Residences.
Far East Organization is expected to take official ownership of the hotel and shopping arcade in February next year. Renovations, which include major changes to the first three floors, a new club room, a renovated ballroom, new car park levels and additional dining options, are expected to be completed by the end of next year.
The new East Village hotel will have a peranakan theme, as inspired by the heritage of the surrounding Joo Chiat and Katong districts. The hotel will remain operational during the renovations.
