Singapore’s largest Mercure hotel to open on Club Street in 1Q2024
The hotel rises at 8 Club Street on a past public carpark spot, in which Worldwide Hotels acquired in a public land sales event tender in January 2019.
“We are excited to expand our working partnership with Accor, a solid associate,” stated Worldwide Hotels Group CEO Carolyn Choo.
Mercure Icon Singapore City Centre is positioned in between the historic Chinatown and the CBD. The hotel is closely connected to 2 MRT stops, the Telok Ayer MRT Station on the Downtown Line and the Chinatown Terminal, an Interchange for the Northeast and Downtown Lines.
Mercure Icon Singapore City Center has a vast range of eating options, an all-day eating restaurant, a lounge and bar concept, with tables furnished with power sockets for working. A landscaped pool patio and indoor gym are designed to renew the mind and body. The resort will additionally include vehicle lots with EV chargers.
Accor and Worldwide Hotels Team signed an arrangement for Novotel Singapore on Kitchener a month ago. It’s a repositioning and rebranding of the prior Parkroyal Kitchener Hotel, which Worldwide Hotels purchased for $525 million in July.
“Found in one of the most happening communities in Singapore, and together with a wealth of world-class exceptional backgrounds, the resort demonstrates our mutual determination to offering genuine hospitality knowledge,” said Garth Simmons, COO for Accor’s premium, midscale and economy division in Asia.
Accor, the biggest global hospitality group in Asia Pacific, Africa and the Middle East, has already confirmed a contract with Singapore’s largest hotel broker, Worldwide Hotels Group, to establish the biggest Mercure Hotel, the 989-key Mercure Icon Singapore City Center, in 1Q2024.
Worldwide Hotels went to the top of eight bids got and was acquired for $562.2 million or $2,148.5 psf per plot ratio. The breakeven cost back then was determined to get $800,000 per key.