Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Accor, the biggest international hospitality group in Asia Pacific, Africa and the Middle East, has recently confirmed a contract with Singapore’s largest hotels and resort 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 Center has a vast range of dining options, an all-day dining restaurant, a lobby and bar idea, with tables furnished with power sockets for doing work. A landscaped pool deck and interior gym are made to renew the mind and body. The resort is going to additionally provide car lots with EV chargers.
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 acquired for $525 million in July.
Mercure Icon Singapore City Center is arranged between the historical Chinatown and the CBD. The hotel is directly linked to two MRT terminals, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
“We are thrilled to broaden our working partnership with Accor, a strong business partner,” specified Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
“Situated in one of one of the most happening areas in Singapore, and with a wealth of outstanding exceptional expertises, the resort demonstrates our shared commitment to supplying real hospitality expertises,” said Garth Simmons, COO for Accor’s superior, midscale and economy division in Asia.
The hotel rises at 8 Club Street on a previous free carpark site, in which Worldwide Hotels bought in a public land sale tender in January 2019.
Worldwide Hotels went to the top of eight offers got and was purchased for $562.2 million or $2,148.5 psf per plot ratio. The breakeven expense at that time was estimated to be $800,000 per key.