Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Accor and Worldwide Hotels Group acknowledged a contract for Novotel Singapore on Kitchener a month back. It’s a repositioning and rebranding of the former Parkroyal Kitchener Hotel, which Worldwide Hotels acquired for $525 million in July.
Mercure Icon Singapore City Center is arranged between the historic Chinatown and the CBD. The hotel is closely connected to 2 MRT stations, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
Worldwide Hotels was at the top of 8 bids obtained and was acquired for $562.2 million or $2,148.5 psf per plot ratio. The breakeven cost at that time was determined to get $800,000 per key.
Mercure Icon Singapore City Centre has a wide range of eating choices, an all-day dining restaurant, a lobby and bar idea, with tables prepared with power outlets for working. A landscaped swimming pool deck and inside gym are developed to revitalize the body and mind. The resort is going to likewise provide automobile lots with EV battery chargers.
Accor, the biggest international hospitality team in Asia Pacific, Africa and the Middle East, has signed a deal with Singapore’s largest hotel operator, Worldwide Hotels Group, to launch the biggest Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
“We are thrilled to increase our working relationship with Accor, a strong associate,” specified Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
“Situated in one of one of the most occurring communities in Singapore, and together with a wealth of outstanding extraordinary experiences, the hotel demonstrates our mutual dedication to offering real hospitality expertises,” claimed Garth Simmons, COO for Accor’s superior, midscale and economy branch in Asia.
The hotels and resort rises at 8 Club Street on a previous public carpark location, in which Worldwide Hotels bought in a government land deal tender in January 2019.
