Far East Hospitality to rename Singapore’s Paramount Hotel

9th October 2011 (Last Updated October 9th, 2011 18:30)

Far East Hospitality, the hospitality arm of Far East Organization, is to refurbish and rename the newly acquired Paramount Hotel in Singapore as the East Village Hotel.

Far East Hospitality, the hospitality arm of Far East Organization, is to refurbish and rename the newly acquired Paramount Hotel in Singapore as the East Village Hotel.

The 229-room Paramount Hotel & Shopping Centre in the neighbourhood of Marine Parade was sold to Far East Organization unit Orchard Mall for S$214m ($165m).

Far East Organization will take official ownership of the hotel and shopping arcade in February 2012.

Upgrade and refurbishment works will be complete by the end of 2012.