PATINA Hotels & resorts, a brand new luxury-lifestyle hotel chain conceptualised by the Pontiac Land Group, will be unveiled at the upcoming Hotel Investment Conference Asia Pacific (HICAP) in Singapore on March 13 and 14, as outlined by the chain’s recently appointed CEO, Marc Dardenne.
TTG Asia e-Daily believes that the flagship 200-room property will be at the Capitol, an upmarket mixed-use development built by Capitol Investment Holdings in Singapore’s civic and cultural district.
Residents of the 10-storey ultra-luxurious residential tower on the same site will have exclusive access to a selection of the services and amenities provided by the yet-to-be-named Patina property, including in-residence dining, airport pick-up, concierge, housekeeping and access to facilities.
In a press release, a spokesperson for the Pontiac Land Group said: “In blending the rich architectural heritage with a contemporary setting in the Capitol building and Stamford House, we have a unique opportunity to create one of the finest hotels in Singapore.”
The development will also encompass a four-storey shopping mall housing luxury brands, and the Capitol theatre, which is envisioned to become a hub for concerts, live theatre and special events.
Meanwhile, a consolidation of shareholdings for the Capitol was completed on March 7, with Top Property Investment exiting from the venture. Its shares were transferred to the remaining partners, with Chesham Properties, a member of Pontiac Land Group, taking up half of all shares, Perennial Real Estate upping its stake to 24 per cent, and the stake of Ron Sim, chairman and CEO of OSIM International, rising to 26 per cent.
