Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Accor, the biggest global hospitality group in Asia Pacific, Africa and the Middle East, has authorized a deal with Singapore’s biggest hotel broker, Worldwide Hotels Group, to launch the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
Mercure Icon Singapore City Centre has a vast range of eating choices, an all-day eating restaurant, a lobby and bar concept, with tables prepared with power sockets for doing work. A landscaped pool deck and interior gym are created to renew the body and mind. The hotel will likewise provide vehicle lots with EV chargers.
Mercure Icon Singapore City Center is arranged in between the historical Chinatown and the CBD. The hotel is directly linked to two MRT stops, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Station, an Interchange for the Northeast and Downtown Lines.
“We are thrilled to broaden our working connection with Accor, a strong partner,” mentioned Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
Accor and Worldwide Hotels Team acknowledged a contract for Novotel Singapore on Kitchener a month earlier. It’s a repositioning and rebranding of the former Parkroyal Kitchener Resort, which Worldwide Hotels bought for $525 million in July.
“Situated in amongst the most happening communities in Singapore, and with a riches of outstanding exceptional backgrounds, the resort shows our shared commitment to providing genuine hospitality knowledge,” said Garth Simmons, COO for Accor’s premium, midscale and economy branch in Asia.
The hotels and resort rises at 8 Club Street on a previous free carpark spot, in which Worldwide Hotels acquired in a government land sales event tender in January 2019.
Worldwide Hotels reached the best of 8 offers got and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price during that time was determined to get $800,000 per key.