The Le Meridian Singapore, Sentosa has been put on market at an asking price of S$300 million, according to sources, formerly known as the Mövenpick Heritage Hotel Singapore, the hotel was rebranded as Le Meridien Singapore earlier this year in June.

Located next to the Merlion Tower on the resort island of Sentosa, the 191-room property is owned by Treasure Resort Pte Ltd, and sits on a site with a balance lease term of about 59 years.

With a land area of nearly 101,600 square feet and a gross floor area of approximately 144,000 square feet, Le Meridien Sentosa comprises a three-storey heritage building and a six-storey new block that was added in 2007.

The heritage block houses 62 suites of about 48 square meters each, converted from old army barracks. The new block houses the rest of the room inventory, including 19 suites and two duplex penthouses.

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