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NURTURING FOR GROWTH
The H-REIT Manager and HBT Trustee-Manager are continuously working with master lessees and hotel managers to
enhance the quality of the assets of CDLHT under management with a view to increase value and returns to Stapled
Security Holders.
For the Singapore portfolio, Grand Copthorne Waterfront Hotel underwent renovation to refresh its lobby and
increase meeting room capacity. Its food and beverage offerings were also augmented through the transformation
of dining concepts, such as a new buffet restaurant named Food Capital and Italian restaurant named Grissini. All the
refurbishments were fully completed at the end of 2016 and have enhanced Grand Copthorne Waterfront Hotel's
offerings and positioning as one of Singapore’s leading conference hotels.
Lobby, Grand Copthorne Waterfront Hotel
Food Capital, Grand Copthorne Waterfront Hotel
At M Hotel, the refurbishment of rooms was completed at the end of 2016. Two additional suites, namely the The
Studio Serviced Suite and One-Bedroom Serviced Suite, were also introduced during the year, bringing the total
room count of M Hotel to 415. The refurbishment is expected to increase the hotel’s competiveness, allowing further
leverage on its strategic location in the heart of Singapore’s financial district.
During 2016, Claymore Connect welcomed the return of a former tenant, Muddy Murphy’s Irish Pub, which has an
established operating history of 20 years in Singapore with a strong following. A new Spanish restaurant, PIM PAM by
FOC, also opened at the end of 2016.
In 2017, the wireless internet infrastructure will be upgraded across all the M&C hotels in CDLHT’s Singapore portfolio,
namely Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel and Studio M Hotel,
which will allow for a more comprehensive experience for corporate guests. At Novotel Singapore Clarke Quay,
extensive refurbishment of all hotel rooms and lift lobbies will be carried out progressively after the first quarter and
complete by end 2018, which will enhance guests’ stay experience and anchor the hotel as a popular choice for
business and leisure customers.
For CDLHT’s overseas portfolio, Novotel Brisbane completed the refurbishment of its bar into GourmetBar, which
officially opened at the end of 2016. At Mercure Perth, renovation of its bar into an Italian café, Cucina on Hay, is
currently being carried out and is expected to open in the first half of 2017. In Japan, a working space was converted
at Hotel MyStays Asakusabashi into an additional room at the end of 2016, bringing the total room count of the
Japan Hotels to 255. During 2016, Hotel MyStays Asakusabashi and Hotel MyStays Kamata also converted 44 and 45
smoking rooms respectively into non-smoking rooms to cater to the burgeoning demand from non-smoking guests.
In January 2017, all remaining smoking rooms at the Japan Hotels were fully converted into non-smoking rooms.
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Annual Report 2016
OVERVIEW AND
FINANCIAL REVIEW