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Novotel Singapore Clarke Quay’s 403 hotel guest rooms
range from the standard rooms to the premier suites,
all offering modern décor, highest comfort and boast
magnificent views of the Marina Bay, Singapore River or the
lush greenery of Fort Canning Park.
Strategically located between the Central Business District
and minutes away from the prime shopping area of Orchard
Road, the hotel is situated in the vibrant and dynamic
entertainment hub of Singapore Clarke Quay, only 20
minutes’ drive from Changi International Airport.
Novotel Singapore Clarke Quay also features 1,200 sq m
of renovated meeting facilities including two ballrooms
accommodating up to 600 delegates, while its six multi-
purpose function rooms are equipped with state-of-the-art
technology. Renovated in mid-2015, the brand new green
lavish outdoor terrace on Level 5 is ideal for coffee breaks,
evening cocktails and networking dinners.
Novotel’s signature all-day dining restaurant, The SQUARE,
fulfils guests’ appetites with superb international and local
cuisine. The hotel lounge, Le Bar Rouge is a perfect venue
to chat with friends and colleagues. An award winning
Chinese restaurant, Dragon Phoenix, and Malay restaurant
d’Pelangi completes the food and beverage offerings of this
downtown hotel.
Notable accolades include:
• SEC-Kimberly-Clark Singapore Environmental Achievement
Award (Services) – Winner
• ASEAN Green Hotel Award (2016)
• BCA Green Mark Gold Plus (2013 – 2016)
• PUB Water Efficient Building Gold Award (2015 – 2018)
PROPERTY DETAILS
Number of guest rooms:
403
Number of food & beverage outlets:
Four outlets comprising The SQUARE
Restaurant, Dragon Phoenix Restaurant,
d’Pelangi Restaurant and Le Bar Rouge
Banquet/Conference/Meeting facilities:
A pillarless ballroomwith a maximum capacity
of 600 guests, six multifunction rooms with
spacious pre-function areas and an executive
boardroom which can seat up to 20 guests
and hosts the latest AV technology
Car park facilities:
745 car park lots
(1)
Land area:
12,925.4 sq m
Title:
97 years and 30 days leasehold interest
commencing from 2 April 1980
Vendor:
Lehman Brothers Real Estate
Partners II L. P. and affiliated partnerships
Purchase price at 7 June 2007:
S$201.0 million
Valuation
(2)
as at 31 December 2016:
S$319.0 million
MASTER LEASE DETAILS
Master lessee:
AAPC Clarke Quay Hotel Pte.
Ltd., a subsidiary of Accor S.A.
Term of lease:
Approximately 13.5 years from 7 June 2007
expiring 31 December 2020
Minimum rental income:
Minimum rent of
S$6.5 million per year guaranteed by master
lessee / Accor S.A., subject to maximum rent
reserve of S$6.5 million for the lease term
FY 2016 KEY FINANCIALS
Rental income:
S$20.9 million
Net property income:
S$19.6 million
Average occupancy rate:
91.9%
(1) Shared with Liang Court Shopping Centre and
Somerset Liang Court Service Apartment (all space
owned by Management Corporation Strata Title Plan
No. 3027).
(2) The property was valued by CBRE Pte. Ltd. using a
combination of the Capitalisation, Discounted Cash
Flow and Sales Comparison approaches.
Premier Suite
55
Annual Report 2016
PROPERTY PORTFOLIO