Investors searching for a hotel for sale in Singapore in 2026 face a market shaped by a moderating RevPAR cycle, strong inbound tourism forecasts and a growing pipeline of branded supply. This overview draws on listing data from major commercial platforms, brokerage releases and institutional research to map current price bands, per‑key valuations and neighbourhood patterns across luxury, small‑scale and budget segments. A concrete reference point: the 184‑room freehold GoStay Hotel at 12 Lorong 12 Geylang was launched for sale in February 2026 at a revised guide price of S$110 million, or approximately S$598,000 per key, with an Expression of Interest exercise closing on 26 March 2026 (CBRE Singapore).
Last checked: 2026-07-28
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Highest price listing (sample): S$90M+ for a 49-room luxury boutique hotel · Largest listed property (sample): 5,850 sqft hotel in Lavender at S$65M · Number of platforms with active listings: At least 3: CommercialGuru, BusinessesForSale, BusinessForSale.sg · Market snapshot: 23 hotels on sale for S
Investors searching for a hotel for sale in Singapore in 2026 face a market shaped by a moderating RevPAR cycle, strong inbound tourism forecasts and a growing pipeline of branded supply. This overview draws on listing data from major commercial platforms, brokerage releases and institutional research to map current price bands, per‑key valuations and neighbourhood patterns across luxury, small‑scale and budget segments. A concrete reference point: the 184‑room freehold GoStay Hotel at 12 Lorong 12 Geylang was launched for sale in February 2026 at a revised guide price of S$110 million, or approximately S$598,000 per key, with an Expression of Interest exercise closing on 26 March 2026 (CBRE Singapore).
.4 billion; 471 commercial units listedHow we researched this
Last checked: 2026-07-28.
Sources reviewed: Commercial property listing sites (99.co, Viviun), business-for-sale marketplaces (BusinessesForSale.com), real estate investment news (EdgeProp, Singapore Business Review), industry analyses (HVS, PwC, Knight Frank, Cushman & Wakefield, DBS Vickers, RevPARGenius, CBRE) and government data (Singapore Tourism Board, Urban Redevelopment Authority).
No on‑site inspections, no financial verification of individual listings and no interviews with hotel owners or brokers were conducted.
Singapore hotel‑for‑sale snapshot
- 184‑room freehold hotel at 12 Lorong 12 Geylang (GoStay Hotel) – guide price S$110 million (CBRE Singapore)
- S$598,000 per key for the Geylang freehold hotel at its S$110 million guide price (CBRE Singapore)
- 79,566 hotel keys tracked in Singapore, with seven branded properties expected to open in 2026 (HVS)
- S$1.2 billion in living‑and‑hospitality capital‑market deals during Q2 2026 (EdgeProp / Knight Frank / Cushman & Wakefield)
| Metric | Value |
|---|---|
| Guide price of GoStay Hotel (184 keys, freehold) | S$110 million |
| Implied price per key (GoStay Hotel) | S$598,000 |
| Price per sq ft on GFA (GoStay Hotel) | S$2,528 |
| Range of hotel listings on 99.co | S$468,000 – S$330 million |
| Average listing price on 99.co (hotel zone) | ~S$15.13 million |
| 12‑month average commercial PSF (99.co) | S$3,026.4 |
| Singapore hotel key count (HVS 2026) | 79,566 |
| Hotels expected to open in 2026 (HVS) | 7 branded properties |
| Living & hospitality capital deals (Q2 2026) | S$1.2 billion |
| STB 2026 visitor forecast | 17–18 million |
| STB 2026 tourism receipts forecast | S$31.0–32.5 billion |
| PwC ranking of Singapore hotels (investment) | #2 in Asia Pacific |
5‑star hotel for sale in Singapore
The luxury end of the Singapore hotel‑for‑sale market is represented by assets that command per‑key valuations well above S$1 million and headline prices that can reach nine figures. Although no ultra‑high‑end five‑star hotel was actively marketed with a disclosed price in the surfaced listings, several signs point to institutional‑grade opportunities. On the 99.co platform, the upper bound of hotel‑zoned commercial listings touches S$330 million, while BusinessesForSale.com carries Singapore hotel assets advertised at asking prices up to approximately US$500 million (99.co; BusinessesForSale.com). Such figures align with the view that large‑ticket portfolio or trophy‑style offerings are present alongside individual boutique sales.
JLL expects three major Singapore hotel transactions totalling about S$1.1 billion to conclude in Q3 2026, indicating that institutional deal flow remains active (Singapore Business Review / JLL). PwC’s Emerging Trends in Real Estate Asia Pacific 2026 ranks Singapore hotels as the #2 sector for investment and development in the region, citing market stability, governance depth and safe‑haven capital flows (PwC Singapore).
Small hotel for sale in Singapore
Smaller hotel opportunities – typically freehold boutique properties or commercial‑zoned shophouse conversions – are more visible on listing platforms. Viviun’s Singapore hotel section lists a property at 51 Joo Chiat marketed at about US$7.7 million (Viviun). On 99.co, the lowest advertised hotel price sits at S$468,000, while the average across all hotel listings is around S$15.13 million (99.co).
The GoStay Hotel’s 184‑room configuration is considered medium‑scale in Singapore’s context; smaller boutique hotels of 20–50 rooms are not uncommon in districts like Joo Chiat, Geylang and the Lavender area. The 5,850 sq ft hotel previously referenced (though not independently verified in this dataset) would represent a micro‑asset suitable for owner‑operator models.
Luxury hotel for sale in Singapore
While the term “luxury” can be subjective, the 2026 market offers a concrete benchmark in per‑key pricing. The Geylang freehold hotel, though not a ultra‑luxury asset, sits at S$598,000 per key. A truly luxury product – one with five‑star branding, high F&B revenue and prime location – would command a premium. CBRE’s Asia Pacific Hotel Investment Outlook 2026 notes that air passenger traffic growth of 7.3% is forecast for the region, supporting cross‑border appetite for gateway hotels (CBRE Asia Pacific).
HVS reports that seven branded hotels are due to open in 2026, including Movenpick Singapore (808 keys) and Somerset Clarke Quay (192 keys) – a supply injection that may prompt some existing operators to divest as they reposition portfolios (HVS). The STB’s 2026 forecast of 17–18 million visitor arrivals and S$31–32.5 billion in tourism receipts provides the demand side of the equation.
Cheap hotel for sale in Singapore
Budget hotel opportunities exist primarily in the sub‑S$5 million range on listing platforms. 99.co’s lowest hotel listing of S$468,000 likely represents a strata‑titled hotel unit or a very small guesthouse (commercial zoning). Although no specific “cheap” hotel transaction price was surfaced in verified sources, the Viviun listing at 51 Joo Chiat (US$7.7 million) and the 99.co average of S$15.13 million suggest that genuine budget options are concentrated below S$10 million.
The Geylang area, historically home to budget lodging, also hosts the GoStay Hotel – but at S$110 million it is far from a cheap asset. However, the district’s mix of freehold hotel zoned properties may include smaller, older hotels not actively listed on institutional platforms. Buyers should search multiple marketplaces and consider engaging a broker who specialises in commercial hospitality.
Pricing bands overview
Drawing on the platforms surveyed, hotel asking prices in Singapore fall into three rough bands:
- Budget (below S$5 million) – small commercial hotel units or guesthouses, often leasehold, concentrated in fringe districts. Example: 99.co listings at S$468,000.
- Mid‑market (S$5 million – S$50 million) – boutique freehold hotels up to ~50 rooms. Includes the Viviun Joo Chiat property at US$7.7 million and many 99.co listings. Per‑key valuations here range from ~S$500,000 to S$1 million.
- Institutional (above S$50 million) – full‑service hotels of 100+ keys, often freehold and eligible for foreign ownership. The GoStay Hotel at S$110 million and the upper tier of 99.co (S$330 million) exemplify this band.
The 12‑month average commercial PSF on 99.co of S$3,026.4 provides a benchmark for per‑square‑foot pricing across all commercial hotel zones.
Best for different buyer types
| Buyer segment | Recommended property type | Price range |
|---|---|---|
| Luxury hotel investors | Full‑service freehold hotels with international branding or potential for repositioning | S$100 million+ |
| Small hotel investors | Boutique freehold hotels (20–50 rooms) in Joo Chiat, Geylang, Lavender | S$5 million – S$50 million |
| Budget hotel buyers | Strata hotel units or small commercial guesthouses on leasehold tenure | Under S$5 million |
Location and neighbourhood context
Hotel sale listings are not evenly spread across Singapore. Key districts with visible inventory include:
- Geylang (District 14) – a corridor of freehold hotel assets, including the GoStay Hotel at Lorong 12. The area is known for budget and mid‑scale lodging, with good connectivity to the city centre and Changi Airport.
- Joo Chiat (District 16) – a heritage zone with shophouse‑style boutique hotels. The Viviun listing at 51 Joo Chiat exemplifies smaller freehold opportunities.
- Lavender (District 8) – close to the central business district, with some medium‑scale hotels and commercial‑zoned strata units.
- Core Central Region (CCR) – Orchard Road, Marina Bay and the CBD fringe. Hotels here command premium pricing but listings are rarer on open platforms; most trade off‑market through brokers.
URA’s Q1 2026 statistics show the overall private residential price index rose 0.9%, with Core Central Region non‑landed prices up 0.6%, indicating broad capital value stability that also supports hotel asset pricing (URA).
Timeline of key developments
- 24 February 2026 – CBRE launches Expression of Interest sale for 184‑room GoStay Hotel at a revised guide price of S$110 million (down from S$120 million in 2024). EOI closes 26 March 2026 (CBRE).
- April 2026 – HVS Singapore focus report published; total key count of 79,566 and seven new branded properties forecast for 2026 (HVS).
- 1H 2026 – Real estate investment sales reach S$31.1 billion (Knight Frank) to S$35.2 billion (Cushman & Wakefield); living‑and‑hospitality deals total S$1.2 billion in Q2 (EdgeProp).
- Q3 2026 (expected) – JLL forecasts three major hotel transactions worth approximately S$1.1 billion to close (Singapore Business Review / JLL).
Our pick for different investor types
Based on the current market data and listing spread:
- For luxury hotel investors – watch for off‑market opportunities in the Core Central Region, especially assets that may come to market as new supply (Movenpick, Somerset Clarke Quay) pressures existing operators. A per‑key budget of S$1 million+ is realistic.
- For small hotel investors – the Joo Chiat / Geylang freehold corridor offers freehold boutique hotels with foreign‑ownership eligibility. The Viviun listing at 51 Joo Chiat (US$7.7 million) is a representative entry point.
- For budget hotel buyers – the sub‑S$5 million segment on 99.co provides accessible opportunities, though careful due diligence on leasehold tenure and operating permits is essential.
All buyers should note that the living‑and‑hospitality sector remains an active capital‑market segment with S$1.2 billion of deals in Q2 2026 alone, pointing to sustained institutional interest. For a broader context on accommodation options in the city, see our guide to Singapore Hotel Accommodation: Where to Stay for Every Budget and Hotel Punggol: Guide to New & Nearby Accommodation.
“CBRE is launching for sale a rare 184-room freehold hotel at 12 Lorong 12 Geylang at a revised guide price of S$110 million.”
– CBRE Singapore, Exclusive marketing agent
“At the guide price of S$110 million, the asset is priced at approximately S$2,528 psf on GFA and S$598,000 per key.”
– CBRE Singapore, Exclusive marketing agent
Frequently asked questions
How do I find hotels for sale in Singapore by owner?
Owner‑direct listings appear on platforms like 99.co, Viviun and BusinessesForSale.com. As of July 2026, 99.co lists hundreds of commercial properties zoned for hotel use, with prices from S$468,000 to S$330 million.
What is the typical price per key for a hotel in Singapore?
Based on the GoStay Hotel guide price, per‑key value is S$598,000. The 99.co average hotel listing price is S$15.13 million. Per‑key values range widely by location and tenure, with luxury assets exceeding S$1 million per key.
What are the legal requirements for buying a hotel in Singapore?
Foreigners and corporate entities can purchase freehold hotel properties without paying Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) if the property continues to be used as a hotel. The CBRE‑marketed Geylang freehold hotel explicitly notes this eligibility. Buyers must comply with the Planning Act and obtain necessary approvals if any change of use is intended.
Which areas in Singapore have hotels for sale?
Active listings are concentrated in Geylang (e.g., 12 Lorong 12), Joo Chiat (51 Joo Chiat), Lavender and the Core Central Region (Orchard, Marina Bay). Fringe districts offer more freehold inventory and lower per‑key pricing.
How many hotels are currently listed for sale in Singapore?
No single registry exists. 99.co lists hundreds of commercial hotel‑zoned units; BusinessesForSale.com and Viviun each show dozens of dedicated hotel assets.
Are there financing options for hotel purchases in Singapore?
Financing terms differ by lender and asset type. Institutional buyers typically use a mix of equity and bank debt. DBS Vickers notes that banks remain open to hospitality lending given the sector’s recovery trajectory, though underwriting has tightened in line with moderating ADR and RevPAR.
What is the average size of a small hotel for sale in Singapore?
Small hotels on the market range from 10 to 50 rooms. For example, the Viviun listing at 51 Joo Chiat (US$7.7 million) falls in that bracket.
Sources cited
- CBRE Singapore – Freehold hotel at Geylang for sale at reduced price of S$110 million
- StackedHomes – Three commercial assets hit the market
- HVS – In Focus: Singapore (April 2026)
- EdgeProp – Singapore real estate investments cross S$30 bil in 1H2026
- PwC Singapore – Emerging Trends in Real Estate Asia Pacific 2026
- Singapore Business Review – Hotel deals worth S$1.1b expected in Q3
- 99.co – Hotel for sale in Singapore
- BusinessesForSale.com – Hotels for sale in Singapore
- Viviun – Singapore hotels for sale
- RevPARGenius – Singapore hotel market demand analysis June–April 2026
- DBS Vickers – Singapore property sector hotel note
- URA – 1Q 2026 real estate statistics
- CBRE Asia Pacific – 2026 APAC hotel investment trends