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Chip Eng Seng to buy waterfront hotel and restaurant in Western Australia for $16 mil

Jude Chan Published on Tue, Aug 01, 2017 / 6:33 PM GMT+8

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SINGAPORE (Aug 1): Chip Eng Seng Corporation announced Tuesday that it has entered into contracts to acquire The Sebel Mandurah hotel and a strata restaurant property in Western Australia for A$15 million ($16 million).

The 4.5-star hotel sits on five levels of a seven-level strata titled building within a larger mixed freehold development that includes the waterfront restaurant.

Both the hotel and the strata restaurant property are on freehold titles.

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Chip Eng Seng to buy waterfront hotel and restaurant in Western Australia for $16 mil