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PR Newswire
22-05-2014, 01:53 PM
PUBLISHED MAY 22, 2014
Oxley appoints Accor to run two new hotels
The Stevens Road hotels will be run under Novotel and Ibis brand names
BYSHEENA TAN
tsheena@sph.com.sg
Foray into hospitality: The hotels, to be part of Oxley's hospitality-cum-commercial development in the area, are expected to open for business by end-2016
OXLEY Holdings, a homegrown lifestyle property developer, has appointed hotel operator Accor to run two of its new hotels along Stevens Road.
The hotels, to be part of the company's hospitality-cum-commercial development in the area, will be run under the Novotel and Ibis brand names and are expected to open for business by end-2016.
Oxley said in a statement yesterday: "This will be a timely move that should cater to the anticipated increase in business and tourist arrivals to Singapore in the coming years."
It added that the project will also provide a recurring income stream.
Oxley has launched 27 developments in Singapore thus far; it has two projects in the pipeline, one in Oxley Rise and the other, in Joo Chiat.
The Stevens Road project is Oxley's first foray into hospitality.
Company chairman and chief executive officer Ching Chiat Kwong said that Accor had a proven track record in building Novotel and Ibis into successful worldwide brands, so "we are looking forward to seeing the project take shape".
Novotel and Ibis have a combined global network of more than 1,400 hotels, with more than 300 of these in the Asia-Pacific alone.
The two hotels will bring Accor's Singapore portfolio to nine hotels.
They will sit on the site of the former The Pines Country Club, which was acquired by Oxley in March last year as an investment property. The land parcel, about 198,000 sq ft in size, has a gross permissible floor area of about 318,000 sq ft and a 103-year leasehold tenure.
When completed, Novotel Singapore on Stevens will have 254 rooms, a 500-seat ballroom, meeting facilities, food and beverage outlets, a fitness centre and a swimming pool. Ibis Singapore on Stevens will have 528 rooms, a lobby bar or cafe and a gymnasium.
The 10-storey development will be near the Scotts Road and Orchard Road shopping belts, and accessible by expressway from Changi Airport and from the Central Business District.
Oxley appoints Accor to run two new hotels
The Stevens Road hotels will be run under Novotel and Ibis brand names
BYSHEENA TAN
tsheena@sph.com.sg
Foray into hospitality: The hotels, to be part of Oxley's hospitality-cum-commercial development in the area, are expected to open for business by end-2016
OXLEY Holdings, a homegrown lifestyle property developer, has appointed hotel operator Accor to run two of its new hotels along Stevens Road.
The hotels, to be part of the company's hospitality-cum-commercial development in the area, will be run under the Novotel and Ibis brand names and are expected to open for business by end-2016.
Oxley said in a statement yesterday: "This will be a timely move that should cater to the anticipated increase in business and tourist arrivals to Singapore in the coming years."
It added that the project will also provide a recurring income stream.
Oxley has launched 27 developments in Singapore thus far; it has two projects in the pipeline, one in Oxley Rise and the other, in Joo Chiat.
The Stevens Road project is Oxley's first foray into hospitality.
Company chairman and chief executive officer Ching Chiat Kwong said that Accor had a proven track record in building Novotel and Ibis into successful worldwide brands, so "we are looking forward to seeing the project take shape".
Novotel and Ibis have a combined global network of more than 1,400 hotels, with more than 300 of these in the Asia-Pacific alone.
The two hotels will bring Accor's Singapore portfolio to nine hotels.
They will sit on the site of the former The Pines Country Club, which was acquired by Oxley in March last year as an investment property. The land parcel, about 198,000 sq ft in size, has a gross permissible floor area of about 318,000 sq ft and a 103-year leasehold tenure.
When completed, Novotel Singapore on Stevens will have 254 rooms, a 500-seat ballroom, meeting facilities, food and beverage outlets, a fitness centre and a swimming pool. Ibis Singapore on Stevens will have 528 rooms, a lobby bar or cafe and a gymnasium.
The 10-storey development will be near the Scotts Road and Orchard Road shopping belts, and accessible by expressway from Changi Airport and from the Central Business District.