HOSPITALITY

 

CROWNE PLAZA CHANGI AIRPORT HOTEL

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Crowne Plaza Changi Airport (CPCA) is a 563-room hotel managed by InterContinental Hotels Group with connectivity to Changi Airport’s passenger terminals and within a short distance to Changi Business Park.

Crowne Plaza Changi Airport (CPCA), is a 563-room business hotel managed by the InterContinental Hotels Group. CPCA was officially opened in May 2008 with 320 guest rooms. OUE H-Trust acquired the operating 320-room CPCA in January 2015 and subsequently acquired the newly constructed 243-room Crowne Plaza Changi Airport extension (CPEX) when it was completed and commenced operations on 1 August 2016. 

Being an airport hotel, CPCA’s guest rooms are designed and built to be insulated from noise from the airport runway, aircraft operations and the surrounding highway. The hotel has four food & beverage outlets and eight meeting rooms including a ballroom.

The global brand name hotel is situated within the vicinity of the passenger terminals of Changi Airport. CPCA is connected to Changi Airport Terminal 3 on both the arrival and departure levels. It is within a short distance to Changi Business Park and Singapore Expo, and is connected to the city by expressway and MRT.

CPCA has been awarded the Skytrax World’s Best Airport Hotel for two consecutive years (2015 & 2016).

         
         
Location   Completion Date   Market Segment/
Property Type
         
75 Airport Boulevard, Singapore 819664
 
CPCA: 2008
CPEX: 2016
 
Upscale Hotel
       
 
         
Leasehold Tenure   Approximate GFA   Number of Rooms
         
Approximately 67 years remaining, expiring on 29 August 2083
 
CPCA: 336,894 sq ft
CPEX: 103,495 sq ft
 
563
       
 
         
Valuation        
         
CPCA:
S$295.0 million
(Independent Valuation as at 31 December 2015)
CPEX:
S$205.0 million
(Acquisition price)