Properties

Grand Copthorne Waterfront Hotel

392 Havelock Road, Singapore 169663

  • Guest Room

    573
    Guest Rooms

  • Land Area

    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
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
Global Sustainable Tourism Council
Master Lease Details [  –  ]
Master lessee Republic Hotels & Resorts Limited, a subsidiary of M&C
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
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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