Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Accor and Worldwide Hotels Team authorized a contract for Novotel Singapore on Kitchener a month back. It’s a repositioning and rebranding of the prior Parkroyal Kitchener Hotel, which Worldwide Hotels acquired for $525 million in July.
“We are thrilled to expand our working connection with Accor, a strong partner,” mentioned Worldwide Hotels Group CEO Carolyn Choo.
The hotel stands at 8 Club Street on a previous common carpark location, in which Worldwide Hotels purchased in a government land sale tender in January 2019.
Worldwide Hotels reached the best of eight bids obtained and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven expense at that time was determined to be $800,000 per key.
Accor, the biggest foreign hospitality group in Asia Pacific, Africa and the Middle East, has already signed a deal with Singapore’s biggest hotels and resort broker, Worldwide Hotels Group, to establish the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
“Located in among the most happening areas in Singapore, and with a riches of outstanding exceptional expertises, the hotel displays our mutual dedication to supplying real hospitality experiences,” claimed Garth Simmons, COO for Accor’s premium, midscale and economy division in Asia.
Mercure Icon Singapore City Centre is arranged in between the historical Chinatown and the CBD. The property is directly linked to 2 MRT stations, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
Mercure Icon Singapore City Center has a wide range of dining choices, an all-day eating restaurant, a lounge and bar idea, with tables prepared with power outlets for doing work. A landscaped swimming pool veranda and inside gym are developed to revitalize the mind and body. The hotel is going to additionally feature vehicle lots with EV chargers.