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ANNUAL REPORT 2014
(1) The property was valued by Knight Frank Pte Ltd using a combination of the Capitalisation
and Discounted Cash Flow approaches.
The 310-room hotel is conveniently located minutes away from the Central Business
District, Robertson Quay, Clarke Quay, Boat Quay, Orchard Road, Chinatown and
the Integrated Resorts.
Copthorne King’s Hotel’s elegantly-appointed rooms and suites offer all the comforts
of modern day amenities, replete with award-winning restaurants, seven fully
equipped function rooms that can be configured to various meeting arrangements,
complete with the latest audio-visual equipment and wireless broadband connectivity.
Recreational facilities include a landscaped outdoor pool and jacuzzi, mini putting
green, gymnasium, sauna and steam bath.
Its award-winning restaurants include Tien Court Restaurant which serves contemporary
regional Chinese cuisine including Cantonese delicacies and Princess Terrace which
is renowned in Singapore for serving the best authentic Penang cuisine. Both
restaurants have been voted into Singapore Tatler’s "Best Restaurants" list for seven
years consecutively from 2007 to 2013 as well as for 2015.
The hotel, apart from being awarded a BizSAFE Level 3 Certification, it was also
recognised from 2011 to 2014 for its performance in security and safety with the
award of the Hotel Security Award 2014 Certificate of Excellence by the Singapore
Police Force (SPF) the National Crime Prevention Council (NCPC) and the SHA,
and the Fire Safety Excellence Award 2014 by the NFEC in conjunction with the
Singapore Civil Defences Forces for maintaining high standard of Fire Safety and
was also awarded the ASEAN Energy Awards 2013 — Retrofitted Building category.
In addition, the hotel also received the BCA Green Mark (Gold) certification 2012-
2013 and BCA Green Mark (Platinum) certification 2014 for its sustainability efforts.
PROPERTY DETAILS
Number of guest rooms:
310
Number of food & beverage outlets:
Four outlets comprising Tien Court
Restaurant, Princess Terrace Café,
Connections Lounge and Starscafé
Banquet/Conference/Meeting
facilities:
Seven fully-equipped function
rooms that can be easily configured to
various meeting arrangements
Car park facilities:
77 car park lots
Land area:
5,636.9 sq m
Gross floor area:
17,598.3 sq m
Title:
99-year leasehold interest
commencing from 1 February 1968
Vendor:
Republic Hotels & Resorts
Limited
Purchase price at 19 July 2006:
S$86.1 million
Valuation
(1)
as at 31 December 2014:
S$122.0 million
MASTER LEASE DETAILS
Master lessee:
Republic Hotels & Resorts
Limited, 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$2.8 million
comprising a fixed rent of S$0.6 million and
a service charge of S$2.2 million per annum
KEY FINANCIALS
Rental income from the property for
FY 2014:
S$8.9 million
Net property income from the
property for FY 2014:
S$7.5 million
