UK: Fragrance Group Limited has bought The Townhouse Hotel in Manchester for £12.5 million (S$21.9 million).
It has set up a subsidiary, called Fragrance UK-Manchester Limited, which has a paid-up capital of £1 million, the group said in a Singapore Exchange filing on Monday.
The property, located at 101 Portland Street, was built in 1870 and has a grand facade which remained largely unchanged when it was converted into a hotel in 1982. The Townhouse underwent an extensive refurbishment programme in 2010 to transform it into a four-star boutique hotel.
The 85-bedroom property is located in the heart of Manchester City Centre.
Fragrance Group is one of Singapore’s largest developers and has more than 70 projects underway in Singapore and Australia.