Table of Contents Table of Contents
Previous Page  47 / 212 Next Page
Information
Show Menu
Previous Page 47 / 212 Next Page
Page Background

Situated on Singapore’s renowned Orchard Road, the

city-state’s premier retail 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

Rooms and Suites designed by world-renowned designer,

Pierre Yves Rochon. The hotel’s contemporary collection

of Premier, Premier Club Rooms and Premier Suites at the

Claymore Wing are fully equipped with modern amenities

and conveniences.

Facilities available to guests include a half Olympic-sized

pool 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, a destination mall catering to

the discerning urban family with choice selections of lifestyle

services and gastronomic treats.

A wide array of epicurean delights beckons at the hotel’s

award-winning dining outlets – Hua Ting restaurant and

Orchard Café. Intermezzo Bar offers beverages perfect for

wind-down sessions.

Notable accolades include:

• Recommended in Michelin Guide 2016 – Hua Ting

Restaurant

• TripAdvisor Certificate of Excellence 2016

• SHA Excellent Service Award 2004 – 2016

• BCA Green Mark Gold (2016 – 2018)

PROPERTY DETAILS

Number of guest rooms:

656

Number of food & beverage outlets:

Four outlets comprising Hua Ting Restaurant,

Orchard Café, 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 five multi-function

rooms equipped with state-of-the-art facilities

Car park facilities:

43

4 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 2016:

S$424.0 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 2016 KEY FINANCIALS

Rental income:

S$21.7 million

Net property income:

S$19.8 million

Average occupancy rate:

86.5%

(1) The property was valued by CBRE Pte. Ltd. using a

combination of the Capitalisation, Discounted Cash

Flow and Sales Comparison approaches.

Premier Room, Claymore Wing

45

Annual Report 2016

PROPERTY PORTFOLIO