Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
The hotel rises at 8 Club Street on a past public carpark spot, in which Worldwide Hotels purchased in a government land sale tender in January 2019.
“Situated in one of the most developing neighbourhoods in Singapore, and together with a riches of world-class extraordinary backgrounds, the resort demonstrates our shared determination to offering real hospitality expertises,” claimed Garth Simmons, COO for Accor’s superior, midscale and economy division in Asia.
“We are thrilled to expand our working connection with Accor, a solid partner,” stated Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
Accor, the biggest foreign hospitality team in Asia Pacific, Africa and the Middle East, has already acknowledged a contract with Singapore’s biggest hotels and resort provider, Worldwide Hotels Group, to establish the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
Mercure Icon Singapore City Center is arranged between the historical Chinatown and the CBD. The hotel is closely attached to 2 MRT terminals, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Station, an Interchange for the Northeast and Downtown Lines.
Mercure Icon Singapore City Centre has a wide variety of eating alternatives, an all-day dining restaurant, a lobby and bar principle, with tables furnished with power sockets for working. A landscaped pool veranda and interior gym are created to rejuvenate the body and mind. The hotel will also include automobile lots with EV battery chargers.
Worldwide Hotels went to the best of eight offers obtained and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven expense during that time was estimated to be $800,000 per key.
Accor and Worldwide Hotels Team signed an arrangement for Novotel Singapore on Kitchener a month ago. It’s a repositioning and rebranding of the previous Parkroyal Kitchener Resort, which Worldwide Hotels bought for $525 million in July.