Investment firm Aravest and Wee Hur Property, a unit of Wee Hur Holdings are in a venture to buy over and refurbish the former Hotel Miramar along Robertson Quay.
Upon completion in 2026, the hotel will be branded DoubleTree by Hilton, marking the debut of this Hilton brand in Singapore.
The partners reportedly paid $160 million for the 53-year-old hotel, with Wee Hur taking a minority stake.
With this opening, Hilton will add to its Singapore pipeline of more than 500 rooms, including the upcoming NoMad Singapore. For Aravest and Wee Hur, the project underscores the owners’ shared focus on enhancing Singapore’s hospitality landscape.
“The acquisition of Hotel Miramar, together with Wee Hur as our trusted partner, marks Aravest’s first foray into the Singapore hospitality sector and reflects our high conviction in Singapore’s attractiveness as both a commercial and leisure destination," says Aravest CEO Moses Ko Song.
"We look forward to working with Hilton and Wee Hur to position the property as a standout destination in Robertson Quay and a preferred choice for travellers to Singapore,” he adds.
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"Rebranding this primely located property as DoubleTree by Hilton is another chance to show how Hilton helps owners efficiently refresh and reposition assets, while leveraging the power of Hilton’s brands and commercial engine,” says Maria Ariizumi, Hilton's vice president, development, South East Asia.
"Our track record in development and construction, combined with Hilton’s operational expertise and Aravest’s investment vision, ensures that DoubleTree by Hilton Singapore Robertson Quay will set a new benchmark for hospitality in the area," says Goh Chengyu, CEO of Wee Hur Property.
