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Oxley accepts LOI from buyer of Mercure and Novotel hotels on Stevens Road

Samantha Chiew
Samantha Chiew • 1 min read
Oxley accepts LOI from buyer of Mercure and Novotel hotels on Stevens Road
SINGAPORE (Jan 10): Oxley announced that its wholly-owned subsidiary, Oxley Gem, has accepted a letter of intent (LOI) today for the purchase of Mercure and Novotel hotels located at 28 and 30 Stevens Road for a total consideration of $950 million.
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TAGS
Oxley Holdings
Oxley Gem
Letter of Intent (LOI)
divestment
Mercure hotel
Novotel hotel

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