Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
Mercure Icon Singapore City Centre has a wide range of dining choices, an all-day dining restaurant, a lobby and bar concept, with tables prepared with power outlets for working. A landscaped pool deck and indoor fitness center are created to invigorate the mind and body. The hotel will likewise provide automobile lots with EV battery chargers.
Mercure Icon Singapore City Center is placed in between the historic Chinatown and the CBD. The property is closely connected to two MRT stops, the Telok Ayer MRT Terminal on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
The hotels and resort is located at 8 Club Street on a previous common carpark site, which Worldwide Hotels acquired in a public land sale tender in January 2019.
“We are thrilled to increase our working relationship with Accor, a strong associate,” stated Worldwide Hotels Group Chief Executive Officer Carolyn Choo.
Accor, the biggest international hospitality group in Asia Pacific, Africa and the Middle East, has already signed a transaction with Singapore’s biggest hotels and resort broker, Worldwide Hotels Group, to launch the biggest Mercure Hotel, the 989-key Mercure Icon Singapore City Centre, in 1Q2024.
“Found in amongst the most happening areas in Singapore, and by having a riches of world-class exceptional experiences, the hotel shows our common dedication to offering real hospitality expertises,” said Garth Simmons, COO for Accor’s premium, midscale and economy division in Asia.
Accor and Worldwide Hotels Group signed an agreement for Novotel Singapore on Kitchener a month ago. It’s a repositioning and rebranding of the previous Parkroyal Kitchener Hotel, which Worldwide Hotels acquired for $525 million in July.
Worldwide Hotels was at the best of eight bids got and was bought for $562.2 million or $2,148.5 psf per plot ratio. The breakeven expense at that time was approximated to be $800,000 per key.