This was announced through a tender document issued last Friday to invite interested developers to bid on the project.
The document indicated that the pier park “intends to undertake the development of a multi-use luxury boutique hotel, leisure and entertainment facilities, including supporting infrastructure to complement the existing park facilities and soon to be developed mega-yacht facility”.
The project is “envisaged to be developed [using a] public-private partnership format,” the document further said.
The development is expected to include — among other things — an upscale boutique property comprising of 20 to 25 rooms, a globally recognized management brand, luxury amenities and services, a full business centre including meeting rooms, and conference facilities to accommodate 200 to 350 persons.
“The developer selected through the bid process is required to undertake planning, detailed engineering and designing, financing, construction, marketing and operation, and maintenance of the proposed project,” the invitation document indicated.
This is business….if you want a friend, buy a dog.