Boutique hotel in Chinatown seeks new owner

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The guide price for the 84-room hotel has been set at close to $69 million. The Porcelain Hotel, an 84-key boutique hotel in Chinatown, is up for sale through expression of interest (EOI), commercial real estate agency CBRE has announced. The guide price for the property is $820,000 per key or $2,986 per square foot on the gross floor area (GFA). Enjoying a lengthy road frontage of some 40 meters along Mosque Street, The Porcelain Hotel sits on a 99-year leasehold site of 6,033 square feet and an estimated 23,041 square feet GFA. read more