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Liquidators of Park Hotel Management succeed in winding up unit over $6.3 million debt
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Park Hotel Group runs Grand Park City Hall (pictued) and Park Hotel Alexandra in Singapore.
PHOTO: PARK HOTEL GROUP
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SINGAPORE - The High Court ruled on Friday (Nov 19) that the liquidators of Park Hotel Management (PHM) can wind up its wholly-owned subsidiary Park Hotel CQ over $6.3 million in debt.
The debt includes $5.92 million owed by former tenant Park Hotel CQ to Ascendas Hospitality Reit, the landlord of the former Park Hotel Clarke Quay.
