Photo of Hotel Fuji (Source: Huttons Asia)
Hotel Fuji, a 31-room freehold boutique hotel celebrated for its budget-friendly accommodations, welcoming atmosphere, and unbeatable value for money, is up for sale via a tender exercise.
Situated along Jalan Molek, this unique property offers an outstanding opportunity for investors seeking an affordable lodging asset in one of Singapore’s most popular districts for budget conscious tourists.
Boasting comfortable and unpretentious-style rooms, Hotel Fuji has become a go-to choice for budget-conscious travelers, backpackers, and adventure seekers. The hotel’s reputation for delivering an authentic local experience combined with its strategic location has consistently attracted guests from around the world.
Hotel Fuji’s appeal extends beyond its core features. Notably, the hotel will experience a surge in booking and occupancy rates during special events such as the Formula 1 Grand Prix season and when concerts are held in Singapore. This heightened demand during these times presents an additional opportunity for investors to capitalise on the hotel’s strategic location and efficient operations. These peak seasons contribute to its reputation as a smart investment choice in the ever-evolving hospitality industry.
Associate Senior Marketing Director, Yeo Khee Liang of Huttons Asia Pte Ltd, notes that in addition to its other advantages, Hotel Fuji offers an opportunity for those looking to venture into the co-living sector and meet the growing demand for shared living experiences in a city where such options are limited. Senior Associate Director Adrian Lim of SN Real Estate Pte Ltd is jointly marketing the property.
“Most of the hotels in the pipeline belong to the mid to luxury segments with very little new supply in the budget segment. This gives investors the chance to ride on the recovery in the hospitality sector,” concludes Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia Pte Ltd.
The tender for Hotel Fuji will close on 13 December 2023 at 3pm.
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