PROPERTY PORTFOLIO
PROPERTY PORTFOLIO
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 10 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 a 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 2015:
S$235.0 million
MASTER LEASE DETAILS
Master lessee:
Harbour View Hotel 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$6.1 million
comprising a fixed rent of S$3.9 million
and a service charge of S$2.2 million per
annum
FY 2015 KEY FINANCIALS
Rental income:
S$15.1 million
Net property income:
S$13.9 million
Average occupancy rate:
93.0%
(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, Sentosa, 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, the hotel is
undergoing a refurbishment of its guest rooms. The refurbishment which
started in March 2015 is scheduled for completion by end 2016.
The hotel’s prime location as well as its variety of function spaces,
well-equipped with the state-of-the-art audio and visual facilities, make
it a favoured venue for corporate meetings, social events and weddings.
Its level.8 Office Suites & Business Centre offers 32 fully furnished 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 Singapore offer a generous variety,
ranging from the delectable all-day dining spread at Café 2000 and specialty
seafood hotpot buffet at The Buffet Restaurant to fresh authentic Japanese
delicacies at Hokkaido Sushi Restaurant. Tea Bar at the lobby serves a
premium selection of teas and freshly prepared pastries as well as its
signature chicken pies. The refurbished J Bar offers live entertainment and
a separate daylight function room, J Collyer. The Waterfloor offers guests
rejuvenation and recreation during their stay with spa facilities, outdoor
swimming pool, jacuzzi and a 24-hour gymnasium.
Notable accolades include:
• Luxury Modern Hotel 2015 by Luxury Travel Guide Award
• Best Overseas Hotel 2014 by Ctrip
• BCA Green Mark Gold Plus (2015 - 2018)
• PUB Water Efficient Building Silver Award (2013 - 2016)
Banquet Suite
49
Annual Report 2015
