SEO Version
annual report 2012
35
M Hotel, one of Singapore’s premier business hotels, is strategically located in the heart of the fnancial district and close to
government ofces, the Integrated Resorts, Chinatown and Marina Bay, home of the annual Formula One™ night racing circuit.
It has 413 rooms designed to combine a home and ofce by ofering a comfortable rest area and practical workstation complete
with modern technological amenities.
M Hotel was recognised as the Best Deluxe Hotel by Hospitality Asia Platinum Awards 2009-2011 Singapore Series, awarded the
inaugural National Safety and Security Watch Group Award, Singapore Green Hotel Award 2011, BCA Green Mark Gold Award
2011, ASEAN Green Hotel Award 2012, SHA Hotel Security Excellence Award 2012 and Fire Safety Award 2011 by National Fire
& Civil Emergency Preparedness Council and was one of the top fve fnalists for Asia’s Best Business Hotel in 2009-2011. Its
level.8 Ofce Suites & Business Centre ofers 32 fully furnished designer ofce suites with comprehensive secretarial support,
modern meeting facilities and 24-hour security and services for all business needs. M Hotel’s central location in the fnancial
district, as well as its variety of meeting areas, well-equipped with the state-of-the-art audio and visual facilities (including
wireless broadband connectivity), make it a favoured venue for corporate meetings and social events.
The food & beverage outlets at M Hotel ofer a generous variety ranging from the delectable all-day dining spread at Café
2000 and specialty Hotpot Bufet at The Bufet to fresh authentic Japanese delicacies at Hokkaido Sushi Restaurant. Tea Bar
serves a wide selection of premium teas and freshly baked cakes and M Hotel’s signature chicken pies. The stylish J Bar ofers
live entertainment and complements the dining options. For rejuvenation and recreation, the Waterfoor at M Hotel showcases
Haach Spa, an outdoor swimming pool and a 24-hour gymnasium.
Property Details
Number of guest rooms:
413
Number of food & beverage outlets:
Five outlets comprising Café 2000, The Bufet, Hokkaido Sushi Restaurant,
J Bar and Tea Bar
Banquet/Conference/Meeting facilities:
A banquet suite with a maximum capacity of 350 guests theatre-style (with
stage), and nine multi-function rooms equipped with state-of-the-art facilities
Others:
32 fully furnished designer ofce suites complete with a selection of modern
business and IT facilities at level.8 Ofce Suites & Business Centre
The Waterfoor features Haach Spa, an outdoor Swimming Pool and a 24-hour
gymnasium for rejuvenation and recreation
Car park facilities:
237 car park lots
Land area:
2,133.9 sq m
Gross foor area:
32,379.3 sq m
Title:
75-year leasehold interest commencing from 19 July 2006
Vendor:
Harbour View Hotel Pte. Ltd.
Purchase price at 19 July 2006:
S$161.5 million
Valuation
(1)
as at 31 December 2012:
S$232.0 million
Master Lease Details
Master lessee:
Harbour View Hotel Pte. Ltd., a subsidiary of M&C
Term of lease with master lessee:
20 years from 19 July 2006 with an option to renew for another 20 years
Minimum rental income:
S$6.1 million comprising a fxed rent of S$3.9 million and a service charge of S$2.2
million per annum
Key Financials
Rental income from the property for FY 2012: S$16.7 million
Net property income from the property for
FY 2012:
S$15.3 million
(1) The property was valued by Jones Lang LaSalle Property Consultants Pte Ltd using a combination of the Capitalisation and Discounted Cash
Flow approaches.
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