Teaser Mama Shelter Singapore Orchard
Introduction
CBRE is pleased to exclusively present a unique opportunity to acquire Mama Shelter Singapore Orchard (the “Hotel” or “Property” or “Mama Shelter Singapore”), a rare freehold hotel development located in the heart of Singapore’s Orchard Road shopping district.
Mama Shelter Singapore is expected to open in Q1 2025 and is set to be one of just two internationally-branded lifestyle hotels in Orchard. The Hotel will feature a vibrant F&B offering with street frontage onto Killiney Road, a rooftop bar, pool and 115 stylishly-designed rooms.
This is a very rare, generational opportunity to acquire a signature, freehold hospitality asset in one of the most sought-after markets in Asia Pacific.
The opportunity is offered for sale via an Expression of Interest process, the details of which can be obtained from CBRE. All enquiries relating to the Property sale should be addressed solely to CBRE.
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A Newly Built Freehold Lifestyle Hotel in Orchard.
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Property Information
Mama Shelter Singapore Orchard
Address 110 & 112 Killiney Road
Tenure Freehold
Zoning
“Hotel” with Gross Plot Ratio of 2.8
Site area 1,222 sqm / 13,148 sq ft
Gross floor area 3,683 sqm / 39,628 sqft*
Architect Ong & Ong
Estimated opening date Q1 2025 Rooms 115
Room size 17 – 23 sqm / 183 – 248 sqft
Floors
F&B outlets
Other facilities
Carparking
Rooftop swimming pool & bar
4 Carpark Lots, 1 Coach Bay
Management agreement HMA with Ennismore, under the Mama Shelter brand
Building certifications BCA Green Mark Platinum
*GFA includes balcony GFA and bonus GFA from Greenmark.
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2
Facade (back view)
4
STACKING PLAN
Roof Swimming Pool & Bar L2 - 6 Hotel L1
& Restaurant
Lobby
5
Lobby & restaurant Bar
Investment Highlights
RARE, GENERATIONAL, FREEHOLD OPPORTUNITY
• Freehold assets in Singapore are rare and tightly-held
• Only 8 freehold hotels located along the Orchard and Somerset MRT line
• In the last 15 years, only 3 freehold hotels* have traded in Orchard
*Grand Park Orchard (308 keys / 2013); Hotel Jen (502 keys / 2014); 28 – 30 Bideford Road (168 keys / 2022)
A+ LOCATION
• Centrally located in Singapore’s prime Orchard Road shopping district
• The Hotel sits on Killiney Road which experiences high foot traffic being just 4 min walk from Somerset MRT and walking distance to 20+ shopping malls
• Easily accessible to the CBD (<10 min drive) and other attractions
NEWLY BUILT LIFESTYLE HOTEL
• Newly built hotel designed by award-winning architect Ong & Ong –expected opening in Q1 2025
• The first Mama Shelter in Asia Pacific
• 1 of only 2 internationally-branded lifestyle hotels along Orchard Road
01 03 02 6
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STRONG MARKET FUNDAMENTALS
• Singapore received 14M visitors in 2023 with YTD Feb 2024 visitors already at 90%+ of 2019 levels
allmama’sgotit goingon
• Solid hotel performance with RevPAR exceeding pre-COVID levels by 9%
• Limited future hotel supply pipeline with 0.8% CAGR expected over the next 5 years
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RAPIDLY REJUVENATING SUBMARKET
• 10+ redevelopments in Orchard Road expected over the next 5 – 10 years, enhancing the district’s position as a must-visit lifestyle destination
• Notable projects in the Hotel’s immediate vicinity include the Comcentre (office & retail) and Grange Road Carpark (event space) redevelopments
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INVESTOR-FRIENDLY REGULATIONS
• Given its Hotel asset classification, no Additional Buyers’ Stamp Duty (ABSD) or Sellers’ Stamp Duty (SSD) is payable
• Both foreigners & companies are eligible for the acquisition
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Lobby bathrooms
Bar
Guestroom
Restaurant
Rooftop pool
Guestroom
Rooftop pool deck
Rooftop pool
Location Highlights
Mama Shelter Singapore is centrally located in the prime Orchard Road precinct, one of Asia’s best shopping havens. The Hotel is in the Somerset subdistrict, boasting exceptional convenience with transport and other key attractions within walking distance or a short drive away.
4 min
2.2km
Orchard MRT (NS22)
Orchard MRT (TE14)
ORCHARD BLVD
5,000+
Top 5
Source: Business Times, STB, CBRE Research
ORCHARD RD
SCOTTS RD
PATERSON RD
WALK FROM SOMERSET MRT STATION
SHOPPING MALLS WITHIN 1KM OF THE HOTEL 20+ RETAIL ESTABLISHMENTS
RETAIL HAVEN
RETAIL SPACE
MOST EXPENSIVE RETAIL RENTS IN APAC
700K+ sqm
16 17 18 19 20 22 23 24 25 26 27 28 29 30 31 32 15 min walk 10 min walk
21 10
SELECT BRANDS IN ORCHARD
EXETER RD KILLINEY RD
Singtel Comcentre (redevelopment)
TRIFECTA
111 Somerset
313 Somerset
Orchard Gateway
Orchard Central
Orchard Plaza
Orchard Point
Cuppage Plaza
The Centrepoint
Emerald Hill
Midpoint Orchard
Faber House
Design Orchard
The Heeren
Nike Store
Apple Store
Adidas Store
Paragon
Mount Elizabeth Hospital
Lucky Plaza
Tangs Plaza
Scotts Square
Far East Plaza
Shaw House & Centre
Wheelock Place
ION Orchard
Wisma Atria
Takashimaya
Mandarin Gallery
Cineleisure
*SCAPE
H&M Store
Orchard Shopping Centre
Plaza Singapura
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 1 3 4 5 6 7 8 9 10 11 12 13 14 15 33 34 5 min walk Somerset MRT (NS23) 2 35 11
Orchard Road Rejuvenation
As part of the Urban Redevelopment Authority’s (URA) master plan, there are plans to rejuvenate and refresh Orchard Road to strengthen its appeal as the lifestyle destination in Asia and around the world. Several projects are already underway with others in the planning stage.
Key Strategies
EXPECTED IN THE NEXT 5 – 10 YEARS 10+
• Singtel Comcentre
• TRIFECTA
• Grange Road Carpark
• Faber House
innovative & unique non-retail offerings
• Cineleisure (rejuvenate tenant mix)
• Wheelock Place
• Liat Towers
• Grand Hyatt Singapore
• Far East Shopping Centre
• Voco Orchard, Forum
• Shopping Centre, HPL House
• Ming Arcade
• Tanglin Shopping Centre • The Cathay
• Redevelopment (confirmed)
• Redevelopment (potential)
• Newly / Recent Renovation
Ghaut MRT (CC1, NE6, NS24)
Enhance connectivity Create
7 12 ORCHARD BOULEVARD 11 4 5 ORCHARD
EXETER ROAD 1 2 Somerset MRT (NS23) Orchard MRT (NS22) Orchard
9 6 ORCHARD AREA 1 2 3 4 3 8 REDEVELOPMENT PROJECTS
Add
a green urban corridor
SOMERSETROADROAD
MRT (TE14)
8 5 6 7 11 12 9 10
13 10 12
Dhoby
REDEVELOPMENT TOTAL GFA S$3B 110K sqm ESTIMATED COMPLETION Q4 2028 LIVE!@313 Grange Road Carpark redevelopment into event space, in partnership with LiveNation SINGTEL COMCENTRE REDEVELOPMENT New landmark mixed use (office & retail) development Somerset Sub-precinct Undergoing vibrant transformation Located next to Mama Shelter Singapore Orchard TRIFECTA (OPENED 2023) 1st snow, surf, skate attraction in Asia 13 1 3 2 13
Singapore Market Overview
16M 0.8%
Note: Supply CAGR excludes ~2,100 pipeline keys (casino-related, pipeline in planning phase).
2023
DEVELOPMENTS EXPECTED TO BOOST SINGAPORE’S TOURISM OVER THE NEXT DECADE Source: STB, STR, Trading Economics, IMD, Skytrax, CBRE Research
BIRD PARADISE CHANGI TERMINAL 2 EXPANSION 2024+
ORCHARD ROAD REJUVENATION
2028
MARINA BAY SANDS EXPANSION
HIGHEST GDP PER CAPITA IN APAC 2023 2024 VISITOR ARRIVALS TARGET HOTEL ROOMS SUPPLY CAGR (2024F-2028F)
#1
MOST COMPETITIVE ECONOMY IN ASIA #1 WORLD’S BEST AIRPORT 2023 #1
TOURISM RECEIPTS IN 2023
ESTIMATED
26B
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VISITOR ARRIVALS (M)
HOTEL PERFORMANCE 2023 arrivals already reached 72% of 2019 levels Occupancy ADR (SGD) RevPAR (SGD) 83% 83% 82% 81% 81% 84% 85% 70% 71% 71% 76% 297 299 289 280 269 271 272 140 128 266 333 252 188 91 98 231 227 219 226 238 248 248 JURONG LAKE DISTRICT RESORTS WORLD SENTOSA EXPANSION CHANGI TERMINAL 5 GREATER SOUTHERN WATERFRONT MID 2011 CAGR 2011 - 2019: 5.8% 13 14 16 15 15 16 17 19 19 3 0.3 6 14 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2029
2030+ 2023 RevPAR is 9% above 2019 15
2030 2030’s
Operator Overview
Accor | Ennismore
Based in France, Accor is one of the world’s leading hotel companies with 40+ brands across more than 5,500 hotels around the world.
5,500 805K 110+
OPEN HOTELS
OPEN ROOMS
COUNTRIES
1,200+ 217K 70M+
PIPELINE HOTELS
Note:
PIPELINE ROOMS
LOYALTY MEMBERS
• Founded in 2011, Ennismore is a global collective of founderbuilt lifestyle brands – it is the largest and fastest growing operator of lifestyle hotels and F&B
• In 2021, Ennismore and Accor entered into a joint venture, combining Ennismore’s know-how in building and operating lifestyle hotels/brands with Accor’s scale and distribution
139 30K+ 80+
OPEN HOTELS
Select Brands
300+
OPEN ROOMS PIPELINE HOTELS
RESTAURANTS & BARS
Note: Accor brands include Economy, Midscale & Premium division and Luxury brands Source: Accor. Data as of 31 Dec 2023 53 BRANDS 17 BRANDS
Includes Ennismore brands. 16
Brand Overview
Founded by the Trigano family in 2008 in Paris, Mama Shelter is a vibrant and eclectic lifestyle hotel brand known for its exuberant design, lively F&B and playful atmosphere while still delivering comfort.
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Brand Hallmarks
2,606 10
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EXCITING INTERIOR DESIGN –SASSY & FLAMBOYANT
Comfort with unexpected cheeky designs, showcasing a strong colourful graphic style
VIBRANT F&B OFFERING –SIGNATURE RESTAURANT & ROOFTOP BAR
An integral part of the Mama Shelter experience. Good food, signature cocktails in a relaxed and playful atmosphere
SOCIAL CELEBRATION –SOLID MUSIC AND EVENTS PROGRAM
Regular music and events lineup supported by a music stage equipped with the best DJ/live music gear
MAMA SHELTER SINGAPORE ORCHARD WILL BE THE 1st MAMA SHELTER IN ASIA PACIFIC.
MAMA SHELTER LONDON
SHOREDITCH
Bookings Travellers Others 29%
MAMA SHELTER PARIS WEST
MAMA SHELTER ROMA
LOS
MAMA SHELTER
ANGELES
Direct 71% Business 50% Leisure 50% Revenue Rooms 44% F&B 56% OPEN HOTELS OPEN ROOMS PIPELINE HOTELS
RESTAURANTS & BARS
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getin touch
Michael Tay Head of Capital Markets
Singapore
Michael.Tay@cbre.com.sg
+65 9638 2710
Reg No.: R003860E
Lim Zhong Yi Manager
Capital Markets
Singapore
Zhongyi.Lim@cbre.com
+65 9457 5335
Reg No.: R060287Z
Singapore
Steve Carroll Head of Hotels & Hospitality
Asia Pacific
Steve.Carroll1@cbre.com
+65 9179 1439
Stella Blythe Director
Hotels & Hospitality
Asia Pacific
Stella.Blythe@cbre.com
+65 8428 6415
Reg No.: R065508J
Claire Lim Director
Hotels & Hospitality Asia Pacific
Claire.lim@cbre.com
+65 8787 7186
Thu Tran Manager
Hotels & Hospitality Asia Pacific
Thu.Tran@cbre.com +65 9233 7417
This Teaser contains select information pertaining to the Property and the Owner and does not purport to be all inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Teaser has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Document describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS DOCUMENT IS SOLELY AT YOUR OWN RISK. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.
CBRE AGENCY LICENSE NO: L3002163I