CDL Hospitlity Trusts - Annual Report 2016

PROPERTY DETAILS

Number of guest rooms:

310

Number of food & beverage outlets:

Four outlets comprising Tien Court

Restaurant,

Princess

Terrace

Café,

Connections Lounge and Starscafé

Banquet/Conference/Meeting facilities:

Seven fully equipped function rooms that

can be easily configured to various meeting

arrangements

Car park facilities:

77 car park lots

Land area:

5,636.9 sq m

Gross floor area:

17,598.3 sq m

Title:

99-year leasehold interest

commencing from 1 February 1968

Vendor:

Republic Hotels & Resorts Limited

Purchase price at 19 July 2006:

S$86.1 million

Valuation

(1)

as at 31 December 2016:

S$116.0 million

MASTER LEASE DETAILS

Master lessee:

Republic Hotels & Resorts

Limited, 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$2.8 million

comprising a fixed rent of S$0.6 million and

a service charge of S$2.2 million per annum

FY 2016 KEY FINANCIALS

Rental income:

S$7.7 million

Net property income:

S$6.3 million

Average occupancy rate:

83.6%

The 310-room hotel is conveniently located minutes away

from the Central Business District, Robertson Quay, Clarke

Quay, Boat Quay, Orchard Road, Chinatown and the

Integrated Resorts.

Copthorne King’s Hotel’s elegantly-appointed rooms and

suites offer all the comforts of modern day amenities,

replete with award-winning restaurants, seven fully equipped

function rooms that can be configured to various meeting

arrangements, complete with the latest audio-visual

equipment andwireless broadband connectivity. Recreational

facilities include a landscaped outdoor pool and jacuzzi, mini

putting green, gymnasium, sauna and steam bath.

Its award-winning restaurants include Tien Court Restaurant

which serves contemporary regional Chinese cuisine

including Cantonese delicacies and Princess Terrace

Café which is renowned in Singapore for serving the best

authentic Penang cuisine. Both restaurants have been voted

into Singapore Tatler’s "Best Restaurants" list for seven

consecutive years from 2007 to 2013 as well as for 2015.

Notable accolades include:

• BCA Green Mark Platinum (2014 – 2017)

• ASEAN Energy Awards 2013 – Retrofitted Building