Grand Copthorne Waterfront Hotel

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest rooms 550 rooms and La Residenza's 24 serviced suites
Number of F&B Outlets Three outlets comprising Food Capital, Grissini, Tempo and The Pool Bar
Banquet/Conference/Meeting facilities 34 versatile meeting rooms covering 6,039 sq m, including a six-metre high column-free ballroom of 853 sq m and seating up to 900 guests theatre-style
Other facilities: A fully equipped Business Centre, hair, beauty and wellness services and four units of fully furnished Serviced Offices offering a range of secretarial and business support services including on-site IT support, video conferencing facilities and high-speed internet connection
Car park facilities 287 car park lots (1)
Land area 10,860.2 sq m
(including adjoining Waterfront Plaza)(2)
Gross floor area 51,726.0 sq m
(including adjoining Waterfront Plaza)(2)
Title 75-year leasehold interest commencing from 19 July 2006
Vendor City Developments Limited
Purchase price at 19 July 2006 S$234.1 million
Valuation (3) as at 31 December 2016 S$348.0 million
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 2015 Key Financials [  –  ]
Rental income S$20.0 million
Net property income S$18.4 million
Average occupancy rate 85.6%
  • (1)The basement level car park facility was not acquired by H-REIT from City Developments Limited ("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.

392 Havelock Road, Singapore 169663

  • Guest Room

    574
    Guest Rooms

  • Land Area

    10,860 sq m
    Land Area

  • In Valuation

    S$348 million
    In Valuation

The 574-room premier deluxe conference hotel is situated on the banks of the historic Singapore River and close to the Central Business District, Clarke Quay, Robertson Quay, Boat Quay, Orchard Road and the Integrated Resorts. The hotel offers lifestyle comfort and business-enabling conveniences to facilitate travellers’ executive accommodation and leisure needs, including La Residenza, comprising 24 serviced suites, which have high ceilings and come in studio, one or two bedroom units.

The adjoining Waterfront Conference Centre has 34 versatile meeting rooms that cover a total area of 6,039 sq m, including a six-metre high column-free ballroom covering 853 sq m and seating up to 900 guests theatre-style. Grand Copthorne Waterfront Hotel is the third largest conference hotel in Singapore. With one of the best designed conference venues in the region, offering unparalleled cutting edge meeting facilities, it is a choice venue for many multinational organisations.

Equipped with a full-service business centre and four serviced offices, the hotel offers the full range of secretarial and business support services. A salon providing hair, beauty and wellness services, satisfies the needs of the leisure guests. In terms of dining options, diners at Café Brio’s, a recipient of Wine & Dine Singapore’s Top Restaurant from 2013 - 2015, can indulge in local favourites or international cuisines.

The hotel is currently undergoing extensive renovation to refresh its lobby, add meeting room capacity and significantly augment its food and beverage offerings.

Notable accolades include:

  • Singapore’s Leading Conference Hotel 2015 (Winner) by World Travel Awards
  • SHA Excellent Service Award 2015 (12 Star, 4 Gold, 1 Silver)
  • BCA Green Mark Platinum (2015 - 2018)
  • PUB Water Efficient Building Gold Award (2014 - 2017)

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