Report
IOI Properties in exclusive talks to buy Singapore’s Chijmes and Capitol Kempinski hotel
The Business Times, carrying a Bloomberg report, estimates the properties’ combined value at roughly US$760 million.
TLDR
The Business Times, carrying a Bloomberg report, says IOI Properties is in exclusive talks and due diligence to buy Chijmes and the nearby Capitol Kempinski hotel in Singapore. CEO Lee Yeow Seng declined to disclose a final price. The hotel’s reported marketing price and Chijmes’ end-2025 valuation put their combined value at roughly US$760 million. Lee said IOI is courting investors for a fund to ease its debt burden and support further expansion.
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