Park Hotel Management wound up over $5.228m debt owed in relation to Grand Park Orchard

Grand Park Orchard is one of six hotel brands in Singapore under Park Hotel Group. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - A firm, that had until recently owned Singapore-based Park Hotel Group which has nearly 30 hotels and resorts across Asia, has been wound up for failing to pay $5.228 million, including rent, owed in relation to Grand Park Orchard.

The High Court on Friday (July 2) granted an application by landlord New Park Property to wind up Park Hotel Management (PHM).

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.