Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Accor and Worldwide Hotels Group signed an arrangement 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.
Worldwide Hotels reached the top 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 get $800,000 per key.
“Situated in amongst one of the most happening areas in Singapore, and together with a riches of outstanding extraordinary experiences, the hotel displays our mutual determination to supplying authentic hospitality knowledge,” said Garth Simmons, COO for Accor’s superior, midscale and economy department in Asia.
The hotels and resort stands at 8 Club Street on a past common carpark spot, which Worldwide Hotels acquired in a public land sale tender in January 2019.
“We are thrilled to increase our working partnership with Accor, a solid partner,” mentioned Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
Mercure Icon Singapore City Center has a wide range of dining alternatives, an all-day dining restaurant, a lounge and bar principle, with tables equipped with power outlets for doing work. A landscaped swimming pool patio and inside gym are created to renew the body and mind. The hotel will additionally provide automobile lots with EV chargers.
Accor, the largest foreign hospitality team in Asia Pacific, Africa and the Middle East, has recently acknowledged a deal with Singapore’s biggest hotels and resort operator, Worldwide Hotels Group, to launch the largest Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
Mercure Icon Singapore City Centre is arranged between the historic Chinatown and the CBD. The hotel is closely linked to two MRT stations, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Station, an Interchange for the Northeast and Downtown Lines.
