Boutique hotel in Chinatown seeks new owner

The guide price for the 84-room hotel has been set at close to $69 million.

The Porcelain Hotel, an 84-key boutique hotel in Chinatown, is up for sale through expression of interest (EOI), commercial real estate agency CBRE has announced.

The guide price for the property is $820,000 per key or $2,986 per square foot on the gross floor area (GFA).

Enjoying a lengthy road frontage of some 40 meters along Mosque Street, The Porcelain Hotel sits on a 99-year leasehold site of 6,033 square feet and an estimated 23,041 square feet GFA.

There are also 84 rooms across four storeys, with each room size of between eight and 29 square meters.

The EOI exercise will close on 16 December.

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