Accor partners with LaSalle to build Ibis hotel in Singapore
In May, Asia Pacific’s largest hotel group, Accor Asia Pacific anounced that its largest ever hotel project in Singapore – the construction of a S$145 million Ibis hotel in Bencoolen Street in the heart of Singapore’s central business district is ahead of schedule and will open in early 2009.
The Ibis Bencoolen Street is the group’s first new-build development in Singapore and is being developed in partnership with LaSalle Investment Management according to a report on hotel-online.com.
The 538 room hotel will be the largest Ibis hotel in the Asia Pacific and the largest in the world outside Paris. The 16-storey building will also include a restaurant and bar area, retail space and parking facilities.
The Ibis will be Accor’s third hotel in Singapore, joining Grand Mercure Roxy and Novotel Clarke Quay.
Accor also announced announced that it would establish its Asia Pacific headquarters in Singapore by the end of 2007.
Accor Asia Pacific Chairman, David Baffsky, said that Singapore was now one of the region’s most important tourism and financial hubs and was the ideal location to drive Accor’s growth and development plans in the region.
Accor Asia Pacific Managing Director, Michael Issenberg, said “We have a long and well-established relationship with Singapore, Our first hotel in the Asia Pacific region opened in Singapore in 1982, and since then the city’s influence in the Asia Pacific tourism industry has grown substantially.
Mr Issenberg said that Accor had placed great emphasis on gaining a prestigious site for its 3-star Ibis hotel brand in Singapore to complement the rapid expansion of the economy hotel brand across Asia.
Ibis Bencoolen Singapore is located in the heart of Bras Basah-Bugis district, one of the city’s most vibrant arts, culture, education and entertainment areas, within two blocks of the Bugis MRT station.
Chitra Mogul
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