Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
The hotel rises at 8 Club Street on a previous common carpark site, which Worldwide Hotels acquired in a government land sale tender in January 2019.
Accor and Worldwide Hotels Group signed an arrangement for Novotel Singapore on Kitchener a month back. It’s a repositioning and rebranding of the previous Parkroyal Kitchener Hotel, which Worldwide Hotels acquired for $525 million in July.
“We are thrilled to increase our working partnership with Accor, a strong business partner,” mentioned Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
Worldwide Hotels went to the best of 8 bids obtained and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven cost back then was approximated to get $800,000 per key.
Mercure Icon Singapore City Centre is positioned in between the historical Chinatown and the CBD. The property is directly attached to 2 MRT terminals, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Station, an Interchange for the Northeast and Downtown Lines.
Accor, the largest global hospitality group in Asia Pacific, Africa and the Middle East, has recently acknowledged a contract with Singapore’s largest hotel broker, Worldwide Hotels Group, to launch the biggest Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
Mercure Icon Singapore City Center has a wide range of eating alternatives, an all-day eating restaurant, a lobby and bar concept, with tables prepared with power sockets for working. A landscaped pool deck and indoor fitness center are designed to invigorate the body and mind. The resort will also provide car lots with EV chargers.
“Situated in amongst one of the most developing communities in Singapore, and by having a wealth of world-class remarkable experiences, the hotel demonstrates our common commitment to offering authentic hospitality experiences,” said Garth Simmons, COO for Accor’s superior, midscale and economy division in Asia.