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YEAR IN REVIEW
(1)
Numbers may not add up due to rounding.
(2)
Claymore Connect received its temporary occupation permit in March 2015 after extensive renovation and was officially opened on 8 October
2015.
(3)
Formerly known as Rendezvous Grand Hotel Auckland, Grand Millennium Auckland was re-branded on 7 September 2016, following the expiry of
the lease with Rendezvous Hotels (NZ) Limited.
(4)
As Hilton Cambridge City Centre was acquired on 1 October 2015, the gross revenue and NPI for FY 2015 include only contributions for the last three
months of 2015.
PERFORMANCE BY COUNTRY AND PROPERTY
(1)
FY 2016
S$’000
FY 2015
S$’000
Variance FY 2016
S$’000
FY 2015
S$’000
Variance
PROPERTIES ON LEASES
Gross Rental Revenue
Net Property Income
Singapore
95,370 101,328
-5.9% 84,658
90,983
-7.0%
Singapore Hotels
89,265
96,930
-7.9% 81,411
88,793
-8.3%
Orchard Hotel
21,707
24,128
-10.0% 19,816
22,030
-10.1%
Grand Copthorne Waterfront Hotel
18,117
19,952
-9.2% 16,683
18,396
-9.3%
M Hotel
13,741
15,090
-8.9% 12,510
13,872
-9.8%
Copthorne King’s Hotel
7,733
8,353
-7.4% 6,313
6,988
-9.7%
Studio M Hotel
7,047
7,810
-9.8% 6,496
7,185
-9.6%
Novotel Singapore Clarke Quay
20,920
21,597
-3.1% 19,593
20,323
-3.6%
Singapore Retail
6,105
4,398
38.8% 3,247
2,190
48.3%
Claymore Connect
(2)
6,105
4,398
38.8% 3,247
2,190
48.3%
Australia
14,438
15,194
-5.0% 14,438
15,194
-5.0%
Mercure Brisbane
2,570
2,706
-5.0% 2,570
2,706
-5.0%
Ibis Brisbane
1,714
1,804
-5.0% 1,714
1,804
-5.0%
Novotel Brisbane
5,217
5,490
-5.0% 5,217
5,490
-5.0%
Ibis Perth
1,956
2,058
-5.0% 1,956
2,058
-5.0%
Mercure Perth
2,981
3,136
-5.0% 2,981
3,136
-5.0%
New Zealand
13,274
9,677
37.2% 13,274
9,677
37.2%
Grand Millennium Auckland
(3)
13,274
9,677
37.2% 13,274
9,677
37.2%
Maldives
8,304
10,201
-18.6% 7,451
9,107
-18.2%
Angsana Velavaru
8,304
10,201
-18.6% 7,451
9,107
-18.2%
Sub-Total
131,386 136,400
-3.7% 119,821 124,961
-4.1%
PROPERTIES ON
MANAGEMENT CONTRACTS
Gross Hotel Revenue
Net Property Income
Maldives
17,481
20,152
-13.3% 3,855
4,525
-14.8%
Jumeirah Dhevanafushi
17,481
20,152
-13.3% 3,855
4,525
-14.8%
Japan
10,572
9,726
8.7% 5,426
5,240
3.5%
Hotel MyStays Asakusabashi
5,994
5,312
12.9% 3,115
2,862
8.8%
Hotel MyStays Kamata
4,578
4,414
3.7% 2,311
2,378
-2.8%
United Kingdom
21,418
6,132
249.3% 8,458
2,277
271.5%
Hilton Cambridge City Centre
(4)
21,418
6,132
249.3% 8,458
2,277
271.5%
Sub-Total
49,471
36,010
37.4% 17,739
12,042
47.3%
Total Portfolio
180,857 172,410
4.9% 137,560 137,003
0.4%
OVERVIEW AND FINANCIAL REVIEW
20