39
ANNUAL REPORT 2014
(1) The property was valued by Knight Frank Pte Ltd using a combination of the Capitalisation
and Discounted Cash Flow approaches.
M Hotel, one of Singapore’s premier business hotels, is strategically located in the
heart of the financial district and close to government offices, the Integrated Resorts,
Chinatown and Marina Bay. It has 413 rooms designed for the business travellers with
modern technological amenities. In keeping up with efforts to enhance guests' stay
experience, M Hotel will undergo a refurbishment of its rooms in 2015.
The hotel's financial district location, as well as its variety of meeting areas, well-
equipped with the state-of-the-art audio and visual facilities, make it a favoured venue
for corporate meetings and social events. Its level.8 Office Suites & Business Centre
offers 32 fully furnished designer office suites with comprehensive secretarial support,
modern meeting facilities and 24-hour security and services for all business needs.
The food & beverage outlets at M Hotel offer a generous variety ranging from the
delectable all-day dining spread at Café 2000 and specialty Hotpot Buffet at The
Buffet to fresh authentic Japanese delicacies at Hokkaido Sushi Restaurant. Tea Bar
serves a wide selection of premium teas and freshly baked cakes as well as MHotel’s
signature chicken pies. The recently refurbished J Bar offers live entertainment and
complements the dining options. For rejuvenation and recreation, theWaterfloor at M
Hotel showcases Haach Spa, an outdoor swimming pool and a 24-hour gymnasium.
Accolades of MHotel include the BCA Green Mark Gold Awards 2011-2014, ASEAN
Green Hotel Awards 2012-2014 by SHA, SHA Hotel Security Awards 2011-2014, Fire
Safety Award 2014 by the National Fire and Civil Emergency Preparedness Council
(NFEC) , the PUB Water Efficiency Building Silver Award 2013-2016 and the National
Environment Agency (NEA)-SHA 3R (Reduce, Reuse, Recycle) Awards 2014.
PROPERTY DETAILS
Number of guest rooms:
413
Number of food & beverage outlets:
Five outlets comprising Café 2000, The
Buffet, 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
Other facilities:
32 fully furnished
designer office suites complete with
a selection of modern business and
IT facilities at level.8 Office Suites &
Business Centre
The Waterfloor 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 floor 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 2014:
S$235.0 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 fixed 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 2014:
S$15.8 million
Net property income from the
property for FY 2014:
S$14.5 million
Banquet Suite
