Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
“Situated in among the most happening areas in Singapore, and by having a riches of first-rate exceptional experiences, the hotel shows our shared dedication to supplying authentic hospitality expertises,” claimed Garth Simmons, COO for Accor’s premium, midscale and economy branch in Asia.
Mercure Icon Singapore City Center is placed between the historical Chinatown and the CBD. The property is directly connected to two MRT stations, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Station, an Interchange for the Northeast and Downtown Lines.
Accor and Worldwide Hotels Team signed an agreement for Novotel Singapore on Kitchener a month ago. It’s a repositioning and rebranding of the prior Parkroyal Kitchener Resort, which Worldwide Hotels bought for $525 million in July.
The hotel rises at 8 Club Street on a past public carpark spot, in which Worldwide Hotels purchased in a government land deal tender in January 2019.
Worldwide Hotels went to the top of 8 bids received and was purchased for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price back then was estimated to be $800,000 per key.
Mercure Icon Singapore City Centre has a wide range of dining choices, an all-day eating restaurant, a lounge and bar concept, with tables equipped with power outlets for working. A landscaped swimming pool veranda and indoor fitness center are developed to rejuvenate the body and mind. The hotel is going to likewise include car lots with EV chargers.
Accor, the largest foreign hospitality group in Asia Pacific, Africa and the Middle East, has confirmed a transaction with Singapore’s biggest hotel provider, Worldwide Hotels Group, to establish the largest Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
“We are thrilled to increase our working connection with Accor, a strong partner,” specified Worldwide Hotels Group CEO Carolyn Choo.