Properties
Grand Copthorne Waterfront Hotel
392 Havelock Road, Singapore 169663
-
573
Guest Rooms -
10,860 sq m
Land Area
The 573-room premier deluxe conference hotel offers lifestyle comfort and business enabling conveniences. The hotel has a riverside location in proximity to the business district as well as being across the road from Havelock MRT station. Incorporated in the hotel are 24 serviced apartment suites with high ceilings. With one of the largest and best-designed meeting facilities in Singapore, the hotel is a choice venue for many multinational organisations. Having undergone a complete renovation of its conference facilities and its bedrooms during the year, the hotel now boasts very contemporary facilities. The asset enhancement initiatives will strongly boost the prospects for the hotel as one of the pre-eminent conference hotels in Singapore.
In October 2023, the hotel launched a new F&B concept, SanSara, which offers authentic North Indian cuisine to complement the global cuisines on offer at Grand Copthorne Waterfront Hotel. In February 2024, the Tempo Bar & Grill was relaunched as The Lobby Lounge and outdoor alfresco area as the Riverside Terrace.
NOTABLE ACCOLADES
- • Singapore Hotel Sustainability Award (2023 - 2024)
- • TripAdvisor Traveler's Choice Award (2023)
- • WELL Health-Safety Rating (HSR) (2023)
- • TripAdvisor Travellers' Choice Best of the Best Award (2020 - 2021)
- • International Hotel Awards, Best Convention Hotel, Singapore (2018 - 2020)
- • International Hotel Awards, Best Luxury Hotel, Singapore (2018 - 2020)
Property Details [ – ]
Number of guest rooms | 549 rooms and 24 serviced apartment suites |
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Number of F&B outlets | Five outlets comprising Food Capital, SanSara, The Lobby Lounge, Riverside Terrace and Red House Seafood |
Banquet/Conference/Meeting facilities | 33 versatile meeting rooms covering 6,200 sq m, including a six-metre high, pillar-free ballroom of 850 sq m and seating up to 600 guests banquet-style and 1,100 guests theatre-style |
Other facilities | Hair, beauty and wellness services, Executive Club Lounge and leisure facilities including a 24-hour fitness centre, outdoor swimming pool and jacuzzi |
Car park facilities | 287 car park lots(1) |
Land area | 10,860.2 sq m (including adjoining Waterfront Plaza)(2) |
Gross floor area | 63,496.0 sq m (including adjoining Waterfront Plaza)(2) |
Title | 75-year leasehold interest commencing from 19 July 2006 |
Purchase price at 19 July 2006 | S$234.1 million |
Valuation (3) as at 31 December 2023 | S$420.0 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$7.2 million comprising a fixed rent of S$3.0 million and a service charge of S$4.2 million per annum |
FY 2023 Key Financials [ – ]
Rental income | S$16.7 million |
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Net property income | S$15.4 million |
Average occupancy rate | 65.0% |
- (1)The basement level car park facility was not acquired by H-REIT from CDL. However, the hotel enjoys a right of easement to use the basement level car park facility.
- (2)H-REIT leases from CDL the second level of Waterfront Plaza which comprises the Waterfront Conference Centre which H-REIT in turn sub-lets to Republic Hotels & Resorts Limited ("RHRL"). Rental income received from RHRL is thereafter paid to CDL as rental expense.
- (3)The property was valued by Knight Frank Pte Ltd using a combination of the Capitalisation and Discounted Cash Flow approaches.
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