Singapore's Oxley Holdings, through its subsidiary Oxley Gem, has appointed international hotel operator Accors to manage the firm's two new hotels in Singapore.

The hotels will operate under the brands Novotel and ibis.

The hotels will occupy the 198,889 sq ft land parcel located at the site of former The Pines Country Club which Oxley acquired in March last year. The site offers a gross permissible floor area of about 318,222 sq ft and a 103-year leasehold tenure.

Expected to open by the end of 2016, Novotel Singapore on Stevens and ibis Singapore on Stevens will add a total of 782 new rooms to Singapore's hospitality market. The project marks Oxley's maiden venture into the hospitality business. The combined project is also set to be Accor's largest hotel development in Asia Pacific.

Accor's Chairman and Chief Executive Officer, Asia Pacific, Michael Issenberg said: "[We are] proud to announce the signing of two new hotels in Singapore, adding exciting new midscale and economy options for travellers to this vibrant city," adding that the completion of the two hotels will bring the group's total Singapore portfolio to nine hotels.

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