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RB Capital, IHG ink agreement to launch Singapore Robertson Quay hotel
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Tuesday, 07 October, 2014, 08 : 00 AM [IST]
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Singapore
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fiogf49gjkf0d InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, announced the signing of a new management agreement with property developer RB Capital to launch InterContinental Singapore Robertson Quay, the second InterContinental hotel in the city state.
Located along the Singapore River, the 225-room property is a part of RB Capital’s Robertson Quay Project to rejuvenate the area into a vibrant riverfront destination for both tourists and residents. The hotel, which would be on the current Gallery Hotel site, would open in 2016.
When complete, the new luxury hotel, designed by SCDA Architects, would sit atop a mixed-use development, comprising restaurants, bars and lifestyle retail outlets.
Its location – in the heart of the city, and in close proximity to the Orchard Road shopping area, the heritage district of Chinatown and the country’s central business district – adds to the appeal of InterContinental Singapore Robertson Quay for both business and leisure travellers.
Jan Smits, chief executive officer, Asia, Middle-East and Africa, IHG, said, “Singapore still has immense growth potential as a travel destination. It was recently named Asia’s best tourism and aviation hub by the World Economic Forum, and with the upcoming development of Changi Airport’s fourth terminal projected to boost passenger capacity by another 16 million a year, the country is poised to capitalise on the region’s continued booming tourism.”
“RB Capital is already a partner of IHG’s, and has an established reputation as a leading property development company. So, growing our presence in Singapore together is a great opportunity for us both, and we look forward to working with them to open the doors of InterContinental Singapore Robertson Quay in 2016,” Smits added.
Kishin R K, founder and chief executive officer, RB Capital, remarked, “The InterContinental Singapore Robertson Quay would be an exciting addition to Singapore’s luxury hotel landscape, and is the crown jewel of our Robertson Quay rejuvenation project.”
“We are confident its modern luxury design and positioning would be a strong draw for sophisticated business and leisure travellers to Singapore. We are delighted to partner with IHG again, following the successful launch of our Holiday Inn Express Singapore Clarke Quay earlier this year,” he said.
JLL Hotel and Hospitality Group acted as exclusive advisor to RB Capital in negotiating the hotel management agreement.
Their chief executive officer for Asia, Scott Hetherington, said, “InterContinental Singapore Robertson Quay is one of a handful of freehold luxury hotels in Singapore. More than 20 regional and international operators bid for this exceptional opportunity, underlying the scarcity of freehold hotels in Singapore, one of the key gateway markets to Asia.”
IHG currently operates six hotels (with a total of over 2,200 rooms) open across four brands in Singapore - InterContinental Singapore, Crowne Plaza Changi Airport, Holiday Inn Singapore Orchard City Centre, Holiday Inn Singapore Atrium, Holiday Inn Express Singapore Orchard Road and Holiday Inn Express Singapore Clarke Quay.
There are currently 68 InterContinental hotels and resorts across Asia, the Middle-East and Africa, and another 21 are due to open in the next three to five years.
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