Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Mercure Icon Singapore City Center is placed between the historic Chinatown and the CBD. The property is directly linked to two MRT terminals, 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 acknowledged an agreement 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.
Mercure Icon Singapore City Center has a vast range of eating choices, an all-day dining restaurant, a lobby and bar concept, with tables equipped with power outlets for doing work. A landscaped swimming pool deck and interior health club are designed to renew the mind and body. The resort is going to also feature car lots with EV battery chargers.
“Located in amongst one of the most happening neighbourhoods in Singapore, and with a riches of first-rate exceptional backgrounds, the resort displays our mutual commitment to providing authentic hospitality experiences,” stated Garth Simmons, COO for Accor’s premium, midscale and economy branch in Asia.
The Arcady @ Boon Keng floor plan
The hotel rises at 8 Club Street on a previous free carpark location, which Worldwide Hotels purchased in a government land deal tender in January 2019.
Worldwide Hotels reached the top of eight bids received and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven price at that time was estimated to get $800,000 per key.
“We are thrilled to expand our working relationship with Accor, a solid associate,” specified Worldwide Hotels Group CEO Carolyn Choo.
Accor, the largest international hospitality team in Asia Pacific, Africa and the Middle East, has acknowledged a transaction with Singapore’s biggest hotels and resort broker, Worldwide Hotels Group, to establish the most significant Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
