Singapore’s largest Mercure hotel to open on Club Street in 1Q2024

Accor and Worldwide Hotels Team signed an arrangement for Novotel Singapore on Kitchener a month earlier. 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 has a vast range of eating choices, an all-day dining restaurant, a lounge and bar principle, with tables furnished with power sockets for doing work. A landscaped swimming pool patio and inside health club are developed to renew the mind and body. The hotel is going to likewise include automobile lots with EV battery chargers.

“We are thrilled to broaden our working relationship with Accor, a solid associate,” mentioned Worldwide Hotels Group CEO Carolyn Choo.

Worldwide Hotels went to the best of eight proposals obtained and was purchased for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price during that time was determined to be $800,000 per key.

“Located in one of one of the most occurring areas in Singapore, and together with a wealth of world-class exceptional experiences, the hotel shows our mutual determination to offering real hospitality expertises,” claimed Garth Simmons, COO for Accor’s premium, midscale and economy division in Asia.

The hotel stands at 8 Club Street on a previous common carpark spot, which Worldwide Hotels bought in a government land sale tender in January 2019.

Sky Eden Frasers Property

Accor, the largest foreign hospitality group in Asia Pacific, Africa and the Middle East, has acknowledged an offer with Singapore’s largest hotels and resort provider, Worldwide Hotels Group, to launch the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.

Mercure Icon Singapore City Center is arranged in between the historic Chinatown and the CBD. The property is closely connected to two MRT terminals, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.

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