Chip Eng Seng to refurbish hotel at Alexandra Road

Momentus Hotel Alexandra will reopen in 1Q 2023.

Chip Eng Seng Corp plans to refurbish its hotel at 323 Alexandra Road and upon completion of the exercise, rebrand the hotel as Momentus Hotel Alexandra.

Now known as Park Hotel Alexandra, the hotel is expected to reopen in the first quarter next year.

The refurbished hotel will have 443 keys and will have a new look for its rooms, lobby as well as food and beverage offerings.

The management of the hotel will be by Momentus Hospitality, a subsidiary of Chip Eng Seng.

“Given the expected uptrend in the global tourism and hospitality sector, Momentus Hotel Alexandra, which is owner operated, is well positioned to play a key role in the big reset of the hospitality sector,” says Angeline Tan, vice president of CES Hospitality.

Chip Eng Seng did not disclose the cost of the refurbishment and rebranding.

Chip Eng Seng shares closed on July 27 at 63 cents, up 2.46% for the day and 48.81% year to date.

 

See Also:

• Click here to stay updated with the Latest Business & Investment News in Singapore

• HRnetGroup starts $30 mil share buyback; diverging actions at Uni-Asia

• Chip Eng Seng unit wins $32.9 mil job from HDB

• This developer's outlook remains bright despite 1Q earnings decline: Phillip

• Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World

• Get in-depth insights from our expert contributors, and dive into financial and economic trends

• Follow the market issue situation with our daily updates

• Or want more Lifestyle and Passion stories? Click here