SINGAPORE (Aug 15): Oxley Holdings announced Tuesday that it expects to commence operations for its $900 million hotel development along Stevens Road in the second quarter of FY2018.

Oxley says in a filing to SGX today that the development, which comprises a 254-room Novotel hotel and a 518-room Mercure hotel, obtained its Temporary Occupation Permit (TOP) on Aug 3.

Located minutes away from Singapore’s Orchard Road shopping belt, the Oxley’s maiden hotel development also includes a 360-seat ballroom, meeting facilities, swimming pools, a fitness centre, and F&B outlets.

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