Real Estate/Hotels

Write to info@tradablepatterns.com for more info for the following real estate/hotels:

Bangkok 5 Star Hotel

Bangkok Mixed Use Hotel, Service Apartment, Office, Retail

Penang Turf Club (for Commercial/Residential Redevelopment)

81.7 Ha of land held by Penang Turf Club (which will stage final race May 31, 2025) available for commercial/residential redevelopment
Adjacent to prime residential neighbourhood
Likely to divide land into smaller parcels for separate sale
In 2011, club sold ~23 Ha of 104 Ha site to Berjaya Land Bhd for RM459 million (USD 104 million) to develop low-density housing project
Valued @: USD 1.4B

Singapore Tiong Bahru Boutique Hotel

3/4 Star award winning heritage boutique hotel (in Singapore’s oldest housing estate) located <1km walk from Tiong Bahru, Outram, Havelock MRT stations
Opened in 2007 and only SG hotel to convert from conserved art deco apartment blocks
2 4 story apartment blocks connected by bridge, w/ 274 rooms
~70% occupancy w/ total land area of 8360 sq m, w/ GFA of 10196 sq m
Zoned for hotel use at gross plot ratio of 3
Hotel which was valued ~ SGD 140M in late 2022 by independent valuer may be available at deep discount given Covid-19 era distress
Hotel failed to make outstanding payment of SGD 31M on SGD 51M loan from DBS, and then took out SGD 55M loan from private lender in 2024 that pays 11%/yr
99 yr lease w/ ~42 years remaining

Hanoi Prime Land (for Commercial Development)

2 plots of prime land (in StarLake City) side by side, ~USD 70M each, or ~USD 140M in total
Building area ~ 5000 sq m (per plot)
Ready for commercial development (hotel, office, retail) w/ permits held by SG entity
Architectural design by Junglim Architecture, Korea top tier architectural design firm
13 ministries & agencies will be relocated to Starlake City by 2030
SG legal entity 100% owned by Korean fashion wholesale/retail group

Modular Managed Ecotourism Housing

Alternative SG-based hospitality concept founded 2017
Beautifully designed compact homes on wheels for spectacular, breathtaking rural settings
Targets millennials & Gen Z looking for authenticity, unique experiences, digital lifestyle
Sites located w/I 3hr drive of metro city where target audience located
Investors can buy homes for SGD 90k and target annual gross profit of SGD 16k/yr resulting in 3 yr payback period
Team of 45 in SG, Australia, New Zealand, Malaysia, Philippines, India, Europe
Most Promising Startup Award in Emerging Enterprise by OCBC Bank and The Business Times
Raised SGD 4M in pre-Series A w/ prominent investors including SGX Chairman and GIC board of director, Phillip Private Equity
2023 Rev: SGD 36.1M; 2024 Est Rev: SGD 81.5M; FY23 Est EBITA: 14%; FY24 Est EBITA: 26%; Gross margin: 40% for sales, 32% for rentals

Amagasaki Business Hotel

3/4 Star centrally located freehold managed by Wyndham and rebranded w/ Ramada Encore brand
239 rooms (54 built in 2017 in new wing); 70% occupancy; Price per key: JPY 17.57M
Located in largest logistics hub in Japan w/ largest integrated resort to be built by MGM/Orix on site 20min away
Osaka World Expo 2025 driving development, w/ hotels in Amagasaki outperforming Osaka hotels due to Amagasaki’s thriving economy not reliant on tourism, but rather logistics, industrial and general business providing infrastructure for Osaka
2 min walk to Amagasaki station
4985 sqm Gross Floor Area (total land area: 1168 sqm)
GKTK trust structure w/ offshore company setup (for foreign buyers who can buy structure)
Based on 2023 NOI of JPY 195M, NOI 4.5%; cap rate: 3.52% in yr 1, w/ potential to boost to 6% in yr 4 upon renovating old units
Malaysia family office looking to sell @ 4.2B JPY