Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Mercure Icon Singapore City Center has a wide variety of dining choices, an all-day eating restaurant, a lobby and bar principle, with tables prepared with power sockets for doing work. A landscaped swimming pool deck and interior fitness center are created to renew the mind and body. The resort will additionally feature car lots with EV battery chargers.
“We are excited to expand our working connection with Accor, a strong associate,” stated Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
The hotels and resort rises at 8 Club Street on a past public carpark site, which Worldwide Hotels purchased in a public land sale tender in January 2019.
Accor, the biggest international hospitality team in Asia Pacific, Africa and the Middle East, has already acknowledged an offer with Singapore’s biggest hotel provider, Worldwide Hotels Group, to establish the biggest Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
“Located in among the most happening areas in Singapore, and together with a riches of outstanding remarkable backgrounds, the resort demonstrates our shared dedication to providing real hospitality expertises,” claimed Garth Simmons, COO for Accor’s premium, midscale and economy branch in Asia.
Accor and Worldwide Hotels Group signed an agreement for Novotel Singapore on Kitchener a month earlier. It’s a repositioning and rebranding of the previous Parkroyal Kitchener Resort, which Worldwide Hotels acquired for $525 million in July.
Worldwide Hotels reached the best of eight proposals obtained and was purchased for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price during that time was determined to be $800,000 per key.
Mercure Icon Singapore City Centre is positioned between the historic Chinatown and the CBD. The property is directly attached to 2 MRT terminals, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
