Yes it does have a lounge which is okay. I prefer the conrad which is a similar price and has a much nicer lounge. The conrad is opposite Sun city and a few minutes walk from Raffles. I was at the Conrad Singapore 4 weeks ago and the service and offerings in the lounge were IMHO much better then the Hilton in Orchard Road. The only real pluspoint for the hilton is that it is in Orchard Road where the main shopping area is located. However as Taxi's are so cheap getting anywhere in Singapore is inexpensive.