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Destination S'pore hotel owner ends management contract
FG Property No. 1, which owns Beach Road building, terminates agreement with PHM
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Park Hotel Group is no longer in charge of the management and operation of Destination Singapore Beach Road hotel at 700 Beach Road, the hospitality group confirmed to The Straits Times.
This follows the winding up of Park Hotel Management (PHM), a firm that until recently owned Park Hotel Group. PHM was wound up on July 2 over a $5.2 million debt owed in relation to another hotel.
