HK real estate equity group to buy Big Hotel for $203m
Thursday, October 22, 2015
(The Straits Times by Grace Leong) – A Hong Kong real estate private equity group is acquiring Big Hotel in Singapore for $203 million, The Straits Times has learnt.
Gaw Capital Partners is known for restoring iconic hotels such as the Hollywood Roosevelt in Los Angeles, and the Victorian-style hotel, The Strand, in Yangon.
Co-founder Kenneth Gaw is one of three directors listed at GCH, based on an Accounting and Corporate Regulatory Authority search. GCH is an investment holding company acquiring the 16-storey, 308-room hotel at 200 Middle Road. The other two directors are Mr Alan Lee Kam Hung and Mr Lee Wei Hsiung.
