Singapore’s largest Mercure hotel to open on Club Street in 1Q2024

The hotel rises at 8 Club Street on a past public carpark location, in which Worldwide Hotels purchased in a public land sale tender in January 2019.

Accor, the largest global hospitality team in Asia Pacific, Africa and the Middle East, has already authorized a transaction with Singapore’s largest hotels and resort 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 agreement 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 is arranged between the historic Chinatown and the CBD. The hotel is closely attached to 2 MRT terminals, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.

“Located in amongst one of the most occurring communities in Singapore, and by having a wealth of first-rate exceptional expertises, the resort displays our mutual dedication to offering real hospitality experiences,” said Garth Simmons, COO for Accor’s superior, midscale and economy division in Asia.

“We are excited to increase our working partnership with Accor, a strong partner,” stated Worldwide Hotels Group CEO Carolyn Choo.

Marina View Residences IOI Properties

Worldwide Hotels was at the top of eight bids obtained and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven cost at that time was approximated to get $800,000 per key.

Mercure Icon Singapore City Centre has a wide range of eating alternatives, an all-day dining restaurant, a lounge and bar principle, with tables furnished with power sockets for working. A landscaped pool veranda and interior gym are designed to renew the body and mind. The hotel will also feature automobile lots with EV chargers.

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