Novotel Singapore Clarke Quay
- Property Details
Property Details [ – ]
|Number of Guest Rooms||403|
|Number of F&B Outlets||Four outlets comprising The SQUARE Restaurant, Dragon Phoenix Restaurant, dPelangi Restaurant and Le Bar Rouge|
|Banquet/Conference/Meeting facilities||A pillarless ballroom with 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|
- (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.
177A River Valley Road, Singapore 179031
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, 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)
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