Changi Airport Group (CAG) has awarded OUE LJ3 the tender for the lease and development of a new hotel at the airport’s Terminal 2.
Under the tender conditions, CAG will grant OUE a strata sublease for a period till Aug 29, 2083, representing a lease tenure of 58 years based on a hand-over date of not more than 12 months from the date of award.
The new hotel, to be named Hotel Indigo Changi Airport, is expected to be completed and fully operational by 2028. The hotel will have 255 rooms across seven storeys and will feature “innovative” design elements and modern facilities including a rooftop day club, bar and infinity pool offering panoramic views of the runway, airport boulevard and skyline. Sustainability is a core component at this hotel. Its design is also centred around the concept of a “Floating Forest” with layers of rainforest and hanging epiphytes.
“The hotel concept proposed by OUE was the most compelling and promises to be the first zero-energy hotel in Singapore, and possibly the first for an airport hotel in the world. With travel demand continuing to soar and passenger traffic growing beyond pre-Covid levels, the new hotel will elevate the hospitality offerings at Changi Airport,” says Lee Seow Hiang, CEO of CAG.
“It will serve our visitors well with its differentiated facilities and convenient access to Terminal 2. We congratulate OUE on being awarded the tender and look forward to a close partnership in the coming years to bring the idea for Hotel Indigo Changi Airport to life,” he adds.
“We are very honoured to be awarded this opportunity to develop a new hotel at Changi Airport, a globally renowned aviation hub that is synonymous with innovation and excellence. We look forward to continuing our long-standing partnership with CAG, and to introducing fresh and innovative hospitality concepts to visitors of Changi Airport,” says Brian Riady, deputy CEO and executive director of OUE.
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“By combining energy-efficient design with low-energy operations while maximising on-site solar energy generation, Hotel Indigo Changi Airport marks a major milestone for OUE as we continually strive to find more sustainable ways to conduct our business,” he adds.
According to Singapore Tourism Board (STB), Singapore’s strong tourism recovery since the Covid-19 pandemic is expected to continue with both international visitor arrivals and tourism receipts to climb further in 2024.
Shares in OUE closed at $1.07 on April 25.
