Khazanah unit M+S selling Andaz Singapore hotel for record $344m

M+S Pte Ltd, a Singapore-based real estate owner and developer majority-owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, is selling the landmark Andaz Singapore hotel to local developer Hoi Cup Realty Pte Ltd for S$475 million ($344 million), the largest ever single hotel asset transaction in Singapore, according to a statement.