Novotel Singapore Clarke Quay

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 403
Number of F&B Outlets Four outlets comprising The SQUARE Restaurant, Dragon Phoenix Restaurant, d’Pelangi 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 15 guests and hosts the latest AV technology
Car park facilities 745 car park lots (1)
Title 97 years and 30 days leasehold interest commencing from 2 April 1980
Purchase price at 7 June 2007 S$201.0 million
Valuation (2) as at 31 December 2018 S$333.0 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 2018 Key Financials [  –  ]
Rental income S$22.2 million
Net property income S$21.0 million
Average occupancy rate 92.7%
  • (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 Knight Frank Pte Ltd using a combination of the Capitalisation and Discounted Cash Flow approaches.

177A River Valley Road, Singapore 179031

  • Guest Room

    403
    Guest Rooms

  • Land Area

    12,925 sqm
    Land Area

  • In Valuation

    S$333 million
    In Valuation

Novotel Singapore Clarke Quay’s 403 hotel guest rooms range from the standard rooms to the premier suites, all offering modern décor, the highest level of 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 and well connected by public transport with the new Fort Canning MRT Station right next to the hotel.

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. The 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
  • PUB Water Efficient Building Gold Award (2015 – 2018)
  • ASEAN Green Hotel Award (2018)
  • BCA Green Mark Gold Plus (2013 – 2017)
  • Singapore Green Hotel Award (2018 – 2019)
  • National Safety and Security Watch Group Award

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