PROPERTY PORTFOLIO
Situated on Singapore’s renowned Orchard Road, the city-state’s
prime shopping and entertainment belt, Orchard Hotel offers 656
tastefully-appointed guest rooms in characteristically unique twin buildings
– Orchard Wing (325-room) and Claymore Wing (331-room).
Orchard Wing 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 stylishly appointed collection of Premier Rooms,
Clubs and Suites at the Claymore Wing boasts contemporary interiors,
fully equipped with modern amenities and conveniences. 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 houses up to 1,500 guests (theatre-style seating). Adjoining
the hotel is Claymore Connect, which had undergone redevelopment and
was repositioned as a destination mall catering to the discerning urban
family with choice selections of lifestyle services and gastronomic treats.
Guests staying at Orchard Hotel will enjoy its perfect location for shopping,
business entertainment and relaxation.
A wide array of epicurean delights beckons at the hotel’s award-winning
dining outlets. Hua Ting Restaurant is listed in the 2016 "Singapore Best
Restaurants Guide" and "Regional Best Restaurants" by Singapore Tatler,
and was also awarded "Three Star Rating" in the 2015 "Singapore’s Top
Restaurants Guide" by Wine & Dine. International buffet restaurant Orchard
Café and cosy eateryNoodles have alsobeen accorded the 2015 "Singapore’s
Top Restaurants Guide" by Wine & Dine. The lobby’s Intermezzo Bar serves
up light bites and refreshing cocktails perfect for wind-down sessions with
friends and associates.
Notable accolades include:
• TripAdvisor Certificate of Excellence 2015
• Expedia Best of +VIP Hotels 2015
• Ctrip International Hotel Business – Top Hotel 2015
• SHA Excellent Service Award (2004 - 2015)
• BCA Green Mark Gold (2015 - 2018)
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
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 2015:
S$449.0 million
MASTER LEASE DETAILS
Master lessee:
City Hotels Pte. Ltd.,
a subsidiary of M&C
Term of lease:
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
FY 2015 KEY FINANCIALS
Rental income:
S$24.1 million
Net property income:
S$22.0 million
Average occupancy rate:
87.1%
PROPERTY PORTFOLIO
(1)
The property was valued by Knight Frank Pte Ltd using a combination of the
Capitalisation and Discounted Cash Flow approaches.
Premier Room, Claymore Wing
45
Annual Report 2015
