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Park Hotel Management wound up over $5.228m debt owed in relation to Grand Park Orchard
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Grand Park Orchard is one of six hotel brands in Singapore under Park Hotel Group.
PHOTO: ST FILE
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).
