Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Accor, the biggest international hospitality team in Asia Pacific, Africa and the Middle East, has confirmed a deal with Singapore’s biggest hotels and resort operator, Worldwide Hotels Group, to establish the biggest Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
Mercure Icon Singapore City Center is positioned in between the historic Chinatown and the CBD. The property is directly linked to 2 MRT stops, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
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 Resort, which Worldwide Hotels acquired for $525 million in July.
“Located in amongst the most occurring neighbourhoods in Singapore, and together with a riches of world-class remarkable backgrounds, the resort demonstrates our shared determination to giving genuine hospitality knowledge,” said Garth Simmons, COO for Accor’s premium, midscale and economy branch in Asia.
“We are excited to broaden our working partnership with Accor, a strong associate,” stated Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
The hotel stands at 8 Club Street on a former public carpark spot, in which Worldwide Hotels purchased in a public land deal tender in January 2019.
Worldwide Hotels was at the best of 8 proposals obtained and was acquired for $562.2 million or $2,148.5 psf per plot ratio. The breakeven expense back then was estimated to be $800,000 per key.
Mercure Icon Singapore City Centre has a wide variety of eating alternatives, an all-day dining restaurant, a lobby and bar idea, with tables furnished with power outlets for working. A landscaped swimming pool deck and indoor fitness center are created to rejuvenate the body and mind. The resort is going to additionally provide vehicle lots with EV chargers.
