Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Worldwide Hotels reached the top of 8 bids got and was acquired for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price back then was determined to get $800,000 per key.
Mercure Icon Singapore City Centre has a vast range of dining options, an all-day dining restaurant, a lobby and bar principle, with tables prepared with power outlets for working. A landscaped pool patio and inside health club are developed to invigorate the mind and body. The hotel will also include car lots with EV battery chargers.
“We are excited to increase our working partnership with Accor, a solid partner,” stated Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
Accor and Worldwide Hotels Group authorized a contract for Novotel Singapore on Kitchener a month ago. It’s a repositioning and rebranding of the prior Parkroyal Kitchener Hotel, which Worldwide Hotels bought for $525 million in July.
Accor, the largest foreign hospitality team in Asia Pacific, Africa and the Middle East, has recently confirmed a deal with Singapore’s largest hotels and resort operator, Worldwide Hotels Group, to launch the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
The hotel rises at 8 Club Street on a past public carpark spot, in which Worldwide Hotels acquired in a government land deal tender in January 2019.
“Located in one of the most happening areas in Singapore, and together with a wealth of outstanding remarkable backgrounds, the hotel displays our mutual commitment to supplying real hospitality experiences,” said Garth Simmons, COO for Accor’s superior, midscale and economy department in Asia.
Mercure Icon Singapore City Centre is arranged in between the historical Chinatown and the CBD. The hotel is directly attached to 2 MRT stations, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.