Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Worldwide Hotels reached the top of eight offers got and was acquired for $562.2 million or $2,148.5 psf per plot ratio. The breakeven cost at that time was determined to be $800,000 per key.
The hotels and resort stands at 8 Club Street on a previous common carpark spot, in which Worldwide Hotels bought in a government land deal tender in January 2019.
Accor, the largest foreign hospitality group in Asia Pacific, Africa and the Middle East, has already signed a transaction with Singapore’s biggest hotels and resort operator, Worldwide Hotels Group, to establish the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
Accor and Worldwide Hotels Team authorized an arrangement for Novotel Singapore on Kitchener a month ago. It’s a repositioning and rebranding of the prior Parkroyal Kitchener Resort, which Worldwide Hotels purchased for $525 million in July.
Mercure Icon Singapore City Centre has a wide variety of eating choices, an all-day dining restaurant, a lobby and bar principle, with tables equipped with power outlets for working. A landscaped swimming pool deck and inside gym are designed to revitalize the body and mind. The resort will also include car lots with EV battery chargers.
“We are thrilled to broaden our working relationship with Accor, a strong associate,” specified Worldwide Hotels Group CEO Carolyn Choo.
“Located in among one of the most occurring communities in Singapore, and by having a riches of world-class extraordinary backgrounds, the hotel displays our common determination to giving authentic hospitality expertises,” said Garth Simmons, COO for Accor’s superior, midscale and economy division in Asia.
Mercure Icon Singapore City Center is arranged in between the historic Chinatown and the CBD. The hotel is closely connected to two MRT stops, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Station, an Interchange for the Northeast and Downtown Lines.
