22-01-2008: GIPLC in talks with Sports Hub to build hotel

SINGAPORE: Genting International PLC (GIPLC) is in preliminary talks with the Singapore Sports Hub Consortium to build a hotel in the proposed Sports Hub in Kallang.

The consortium, beating two other bids, has been picked by the Singapore government as the preferred bidder for the Sports Hub.

“Various details are being worked out between the company and the consortium,” GIPLC said in a statement yesterday in confirming a news report that the parties were in preliminary talks to build the hotel.

GIPLC said preliminary planning suggested the proposed hotel could have over 500 rooms which would significantly add to the managed room stock of the company’s integrated resort on Sentosa.

The new sports hub will be completed by end 2011 and will cost some S$1.2 billion (RM2.7 billion). The winning consortium will design, bulld, operate and finance the project.

It has been reported that the proposed integrated sports hub includes a 55,000-seat stadium with a retractable roof, an aquatic centre, multi-purpose arena and retail space.

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