Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Mercure Icon Singapore City Center is positioned in between the historical Chinatown and the CBD. The property is directly attached to 2 MRT stops, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
Worldwide Hotels reached the best of eight proposals received and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price at that time was determined to get $800,000 per key.
“We are thrilled to expand our working connection with Accor, a strong associate,” specified Worldwide Hotels Group CEO Carolyn Choo.
The hotel stands at 8 Club Street on a former public carpark site, which Worldwide Hotels bought in a government land sales event tender in January 2019.
“Located in amongst one of the most occurring neighbourhoods in Singapore, and with a riches of first-rate exceptional experiences, the resort shows our mutual determination to providing genuine hospitality expertises,” claimed Garth Simmons, COO for Accor’s superior, midscale and economy division in Asia.
Accor, the biggest global hospitality group in Asia Pacific, Africa and the Middle East, has acknowledged a deal with Singapore’s biggest hotel provider, Worldwide Hotels Group, to open the largest Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
Accor and Worldwide Hotels Group signed an arrangement for Novotel Singapore on Kitchener a month back. It’s a repositioning and rebranding of the previous Parkroyal Kitchener Resort, which Worldwide Hotels bought for $525 million in July.
Mercure Icon Singapore City Center has a wide range of eating options, an all-day dining restaurant, a lobby and bar concept, with tables prepared with power sockets for doing work. A landscaped pool patio and interior gym are made to rejuvenate the mind and body. The hotel is going to additionally provide vehicle lots with EV battery chargers.
