The Star - 15th October 2025
Urban Collection will lease the 150,000 sq ft hotel for a 15-year term (structured as three consecutive terms), with tenancy commencing on March 29, 2026 and operations expected to begin by May 1, 2026.

The tenancy is structured as a double net lease with a 10% rental escalation upon each renewal term, providing steady income growth for the trust throughout the lease period.