Properties
Copthorne King's Hotel
403 Havelock Road, Singapore 169632
-
311
Guest Rooms -
5,637 sqm
Land Area
Copthorne King's has 311 elegantly appointed rooms, accompanied with award-winning restaurants, fully equipped function rooms that can be configured to various meeting arrangements.
The hotel is conveniently located three minutes away from the Havelock MRT Station. It is also a five to eight minutes short walking distance to the entertainment precincts of Robertson Quay, Clarke Quay and Boat Quay while being in proximity to the Central Business District.
NOTABLE ACCOLADES
- • Singapore Tourism Award 2022 - Best Innovation Award
- • SkillsFuture Employer Award 2022 (Silver)
- • Eco Food & Beverages Award 2022
- • Hotel Security Award 2022 (Honesty/Bravery/Vigilance)
Property Details [ – ]
Number of guest rooms | 311 |
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Number of F&B outlets | Three outlets comprising Tien Court Restaurant, Princess Terrace Café and Connections Lounge |
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 |
Purchase price at 19 July 2006 | S$86.1 million |
Valuation (1) as at 31 December 2023 | S$146.0 million |
Green Rating/Certification | BCA Green Mark Platinum |
Master Lease Details [ – ]
Master lessee | Republic Hotels & Resorts Limited, a subsidiary of M&C |
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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 2023 Key Financials [ – ]
Rental income | S$9.1 million |
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Net property income | S$8.5 million |
Average occupancy rate | 85.9% |
- (1)The property was valued by Knight Frank Pte Ltd using a combination of the Capitalisation and Discounted Cash Flow approaches.
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