Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Mercure Icon Singapore City Centre has a wide range of eating options, an all-day eating restaurant, a lounge and bar idea, with tables prepared with power outlets for doing work. A landscaped pool patio and inside health club are made to revitalize the body and mind. The hotel will also include automobile lots with EV chargers.
Worldwide Hotels went to the top of eight proposals obtained and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven expense during that time was approximated to be $800,000 per key.
Mercure Icon Singapore City Center is arranged in between the historic Chinatown and the CBD. The property is directly connected 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.
Accor, the biggest international hospitality group in Asia Pacific, Africa and the Middle East, has already authorized a deal with Singapore’s largest hotel provider, Worldwide Hotels Group, to open the largest Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
The hotel stands at 8 Club Street on a previous free carpark location, in which Worldwide Hotels acquired in a government land sale tender in January 2019.
“We are thrilled to expand our working partnership with Accor, a strong business partner,” specified Worldwide Hotels Group CEO Carolyn Choo.
“Situated in one of one of the most happening neighbourhoods in Singapore, and with a riches of first-rate remarkable backgrounds, the resort displays our common commitment to offering genuine hospitality experiences,” claimed Garth Simmons, COO for Accor’s premium, midscale and economy department in Asia.
Accor and Worldwide Hotels Group acknowledged 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 bought for $525 million in July.
