New Majestic Hotel to shut on June 1 for new developments
SINGAPORE — One of Singapore’s pioneer boutique hotels - the New Majestic Hotel - will bring down the shutters on June 1 after 11 years in the business.
SINGAPORE — One of Singapore’s pioneer boutique hotels - the New Majestic Hotel - will bring down the shutters on June 1 after 11 years in the business.
Housed in a traditional conservation shop house at Bukit Pasoh Road in Chinatown, the hotel will make way for new developments.
Unlisted Collection, which owns New Majestic Hotel, gave no details about what the new developments might involve.
“New Majestic Hotel holds great sentimental value to me. It is one of my first hotel ventures and, in many ways, Unlisted Collection’s flagship hotel,” Mr Loh Lik Peng, director of Unlisted Collection, said in a press release.
“But when a golden opportunity comes up at the perfect time, you have to take it. To grow, you have to be open to change,” the hotelier added.
Describing the move as “an important time to relook the current market and explore ways to reposition itself,” Unlisted Collection noted that the local hospitality landscape has seen tremendous developments.
This is the second hotel that Unlisted Collection is releasing from its portfolio of hotels. In 2013, the company sold Hotel 1929 on Keong Saik Road - located near the New Majestic Hotel - for S$35 million but continues to operate it.
The remaining hotel in Singpore that is owned by Unlisted Collection is the Wanderlust Hotel located at Little India.