Grand Copthorne Waterfront Hotel

392 Havelock Road, Singapore 169663

  • Guest Room

    574
    Guest Rooms

  • Land Area

    10,860 sq m
    Land Area

The 574-room premier deluxe conference hotel offers lifestyle comfort and business enabling conveniences to facilitate travelers' executive accommodation and leisure needs, including La Residenza, comprising 24 serviced suites, which have high ceilings and come in studio, one or twobedroom units.

The adjoining Waterfront Conference Centre has 33 versatile meeting rooms including a six-metre high, pillar-free ballroom covering 850 sq m. With one of the best-designed conference venues in the region, offering cutting edge meeting facilities, it is a choice venue for many multinational organisations.

The hotel is undergoing an extensive refurbishment to its guest rooms in phases commencing from October 2022 and expected to continue through June 2023. The new rooms boast modern in-room amenities as well as intelligent guest services and room management system. The meeting facilities will also undergo extensive rejuvenation from April 2023 to July 2023. Overall, the asset enhancement initiatives will strongly boost the prospects for the hotel as one of the pre-eminent conference hotels in Singapore.

The hotel has three F&B outlets including Food Capital, an interactive buffet restaurant, TEMPO Bar & Grill, an "All-New" Alfresco dining area and cocktail bar, and Red House Seafood restaurant which specialises in Asian seafood dishes and Singaporean cuisine.

Property Details [  –  ]
Number of Guest Rooms 550 rooms and 24 La Residenza serviced suites
Number of F&B Outlets Three outlets comprising Food Capital, TEMPO Bar & Grill 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, jacuzzi and tennis courts
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
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 2022 Key Financials [  –  ]
Rental income S$14.0 million
Net property income S$13.3 million
Average occupancy rate 68.2%
  • (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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