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Acquisition of Ibis On Bencoolen – July 2010

M&L Hospitality is pleased to announce its latest hotel acquisition of Ibis on Bencoolen, Singapore.

Ms Sarah Phillipson, M&L Hospitality’s Asset and Investment Manager, commented “With the MICE industry as a key driver of tourism growth and Ibis on Bencoolen being the largest internationally branded economy hotel in South East Asia, we believe the Ibis on Bencoolen is a stable, resilient and strategic investment with the current global economic state.”

Ibis on Bencoolen is the first internationally-branded economy hotel in Singapore and the largest Ibis in Asia Pacific. It is centrally located in the heart of Singapore’s business, cultural and shopping districts, five minutes away from Singapore‚Äôs CBD and 20 minutes from Changi International Airport.

The hotel has 538 rooms with timber floors, large bay windows, high ceilings and complimentary Wi-Fi Internet access.

Major malls and several MRT rail stations are within walking distance, while major retail and convention areas such as Marina Bay Sands, Suntec Convention Centre and the Orchard Road shopping district are within three kilometres of the hotel. Located within the Cultural Civic District, the hotel is close to various tourist attractions such as the Singapore Art Museum, the Kwan Im Thong Hood Cho Temple and the Sri Krishnan Hindu Temple as well as other destinations including Little India, Sim Lim Square, Arab Street and the Singapore Flyer. The hotel is also close to the Raffles Hospital.

Commencing operations in February 2009, the Ibis on Bencoolen has enjoyed impressive occupancy rates, a testament to its excellent location, positioning and efficient operations. Ibis on Bencoolen’s wide appeal, catering to the business and leisure tourists seeking comfortable accommodation on a budget, will continue to see the hotel thrive into the future.