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ANNUAL REPORT 2014
Located right in the heart of the city’s premier shopping and entertainment district,
Orchard Hotel Singapore is home to 656 rooms and suites tastefully yet functionally
appointed in characteristically unique twin buildings – Orchard Wing (325-room)
and Claymore Wing (331-room).
OrchardWing features vibrant Deluxe Rooms ideal for business and leisure travellers
alike; distinctive Signature Club Rooms, Signature Club Deluxe and Signature Suites
designed by world-renowned designer Pierre Yves Rochon. The hotel's classy collection
of Premier Rooms, Clubs and Suites at the Claymore Wing boasts contemporary
interiors, fully equipped with modern amenities and services. Facilities available
to guests include a half Olympic-sized pool with sun deck and outdoor jacuzzi, a
Fitness Studio and banquet venues coupled with a pillarless grand ballroom which
can house up to 1,500 guests (theatre-style seating). Adjoining the hotel is Claymore
Connect (previously known as Orchard Hotel Shopping Arcade), which had undergone
redevelopment and recently received its TOP. The repositioned mall is expected to
commence operations in the second quarter of 2015.
The hotel is complemented by some of the city’s finest restaurants from local and
international cuisine in its restaurants and cafés to Cantonese fine dining in Hua Ting
Restaurant. Award-winning Hua Ting Restaurant is listed in both the 2015 "Singapore
Best Restaurants Guide" and 2015 "Regional Best Restaurants" by Singapore
Tatler, and was also awarded a top "Three Star Rating" in the 2014 "Singapore’s
Top Restaurants Guide" by Wine & Dine. International buffet restaurant Orchard
Café and cosy eatery Noodles have also both made it to the 2015 "Singapore’s
Top Restaurants Guide" by Wine & Dine. The lobby’s Intermezzo Bar provides the
perfect ambience for wind-down sessions with friends and associates.
Orchard Hotel has garnered many awards over the years including TripAdvisor
Certificate of Excellence 2014, and the Singapore Green Hotel Award (2013-2014)
jointly awarded by Singapore Hotel Association (SHA), Public Utilities Board (PUB),
Building & Construction Authority (BCA) and STB. In addition, the hotel received the
BCA Green Mark (Gold) certification for four years running (2011-2014), the Hotel
Security Award 2014 Excellence Rating jointly awarded by SHA and Singapore Police
Force (SPF), and the People Developer (PD) and Service Class (S-Class) Certification
2014-17 by SPRING Singapore.
PROPERTY DETAILS
Number of guest rooms:
656
Number of food & beverage outlets:
Five outlets comprising Orchard Café,
Hua Ting Restaurant, Noodles,
Intermezzo Bar and Poolside Snack Bar
Banquet/Conference/Meeting
facilities:
A 1,245 sq m pillarless Orchard
Grand Ballroom and 343 sq m of pre-
function space with a maximum capacity
of 1,500 guests theatre-style, and
convertible into three separate smaller
ballrooms
A Conference Centre with one
boardroom and five multi-function rooms
equipped with state-of-the-art facilities
Car park facilities:
434 car park lots
The car park facilities are shared with
Claymore Connect (previously Orchard
Hotel Shopping Arcade)
Land area:
8,588.0 sq m
(including Claymore Connect)
Gross floor area:
49,940.9 sq m
(including Claymore Connect)
Title:
75-year leasehold interest
commencing from 19 July 2006
Vendor:
City Hotels Pte. Ltd.
Purchase price at 19 July 2006:
S$330.1 million
Valuation
(1)
as at 31 December 2014:
S$460.0 million
MASTER LEASE DETAILS
Master lessee:
City Hotels 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$10.3 million
comprising a fixed rent of S$5.9 million
and a service charge of S$4.4 million
per annum
KEY FINANCIALS
Rental income from the property for
FY 2014:
S$25.9 million
Net property income from the
property for FY 2014:
S$23.8 million
(1) The property was valued by Knight Frank Pte Ltd using a combination of theCapitalisation
and Discounted Cash Flow approaches.
