GPHL is the owner of one of the largest Singapore-owned hotel chains and has been providing quality, affordable accommodation in strategic city and city-fringe locations since 1998, building a strong reputation with local and regional travellers. It owns and manages the Parc Sovereign Hotel Brand and Fragrance Hotel Brand.
The 15 hotels will undergo asset enhancement initiatives to be in line with Accor global standards and will be rebranded to become one Mercure, one ibis Styles and thirteen ibis Budget hotels. The deal will greatly expand Accor’s footprint across the city and give travellers to Singapore a greater selection of international-standard, quality accommodation with the added assurance of globally renowned brands.
“We are delighted to be entrusted by Global Premium Hotels Limited with these hotels and look forward to offering visitors and locals a winning combination of great price, location and service,” said Michael Issenberg, Chairman & CEO Accor Asia Pacific. “Accor’s strong presence in and understanding of the Singapore market will be complemented by these additional hotels and with our proven expertise in mid-tier and economy hotel operations, we hope to bring added value to the owners. This deal is a great moment for our group as we are able to increase our Singapore presence significantly overnight with the addition of these 15 hotels/1621 rooms.”
GPHL owner Dr James Koh, said, “With a buzzing hotel scene these few years, and especially the mid-tier hotel segment enjoying increasing popularity and strong growth figures, this partnership is indeed timely. We are excited to strengthen our relationship with Accor and are confident that this deal will further optimise the performance of our hotels while attracting a greater international audience via Accor’s global distribution and world-renowned brands. We are proud to have been providing quality accommodation and great value to visitors to Singapore for over 20 years. This deal certainly marks another milestone achieved for our group, as well as signalling a global brand’s strong confidence in the hotel scene for Singapore.”
With the finalized deal, Accor will have 3357 rooms in the luxury and premium space in Singapore, 1840 in midscale and 2428 in economy.
The ibis, ibis Styles and Mercure brands are three of the key brands of Accor. Ibis offers over 1200 hotels in 67 countries and provides fully equipped rooms, innovative bedding and 24-hour reception services to provide well-being at the best price. ibis Styles provides design, pop culture and energy at over 500 hotels in 49 countries. Meanwhile, Mercure is in harmony with people and places, with hotels that are firmly rooted in their local environment to provide an authentic experience at over 800 hotels in 62 countries.
Images can be downloaded: https://www.dropbox.com/sh/sv3g5z62lu5qv5a/AABVcWYZ5HgSti73jB8Nj8J1a?dl=0