Changi Airport Group awards OUE tender for lease and
development of new hotel at Changi Airport Terminal 2
Proposed 255-key hotel targeted to be Singapore’s first zero-energy hotel, expected to be
completed and operational by 2028
SINAGPORE, 26 April 2024 – Changi Airport Group (CAG) and SGX Mainboard-
listed OUE Limited (OUE) announced today that OUE has been awarded the tender
by CAG for the lease and development of a new hotel to be located at Changi Airport
Terminal 2 (T2). The new hotel, Hotel Indigo Changi Airport, is expected to be
completed and fully operational by 2028.
Mr Lee Seow Hiang, Chief Executive Officer of CAG said, “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. It will serve our
visitors well with its differentiated facilities and convenient access to T2. 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.”
Deputy Chief Executive Officer and Executive Director Mr Brian Riady of OUE said,
“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.”
The 255-room, 163-metre-long hotel 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. With layers of lush rainforest and
hanging epiphytes stretching over seven storeys, its design will be centred around the
concept of a “Floating Forest”. The new hotel will complement the existing hotels on
Changi Airport’s landside including YOTELAIR at Jewel Changi Airport and the award-
winning Crowne Plaza Changi Airport located at Terminal 3, which is also owned and
leased by OUE Group.
With sustainability as a core component, Hotel Indigo Changi Airport aims to achieve
operational energy neutrality by incorporating sustainability features such as solar
photovoltaic panels, hybrid cooling systems, naturally ventilated corridors and
rainwater-harvesting technology aimed at reducing environmental impact while
enhancing overall guest comfort and well-being.
“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,” said Mr Riady.
The tourism sector in Singapore has seen a rebound from pandemic levels and is
expected to continue to attract visitors as the country remains a key destination for
leisure and MICE. In 2023, Singapore visitor arrivals surged 115% to 13.6 million
from 6.3 million the year before with tourism receipts estimated to be between
S$24.5 billion and S$26.0 billion. The strong tourism recovery is expected to
continue, with both international visitor arrivals and tourism receipts to climb further
in 2024, according to the Singapore Tourism Board
1
.
1
The Straits Times (1 February 2024) – Tourism recovery to keep momentum in 2024, with tourist spend nearing
pre-Covid numbers, STB.
Artist’s impression of the new hotel development (Image credit: OUE)
Artist’s impression of sectional perspective of ‘Floating Forest’ from level 2 to rooftop (Image
credit: OUE)
Artist’s impression of rooftop all-day dining with view towards Changi Airport (Image credit:
OUE)
The above images can be downloaded HERE.
For more information, please contact:
Changi Airport Group
Ng Koon Ling Tay Cheng Cheng
+65 9799 5229 +65 9010 0627
OUE Limited
Adrian Tan Lisa Sajoto
Hospitality Asset Management Investor Relations
+65 9618 5081 +65 6809 6051
About Changi Airport Group
Changi Airport Group (Singapore) Pte Ltd (CAG) (.com) was formed on 16 June
2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS)
followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes
key functions focusing on airport operations and management, air hub
development, commercial activities and airport emergency services. CAG also
manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary
Changi Airports International, invests in and manages foreign airports.
As one of Asia’s most connected international aviation hubs, Changi Airport links
Singapore to some 150 cities globally, with close to 100 airlines operating more than
6,800 weekly flights. Jewel Changi Airport, a multi-dimensional lifestyle destination,
opened in April 2019, adding to Changi Airport’s shopping and dining offerings of
more than 600 F&B and retail outlets across the airport. The world’s most awarded
airport, Changi has won over 660 accolades for its consistent and excellent airport
staff service, passenger experience and safety standards.
Follow Changi Airport on social media: Facebook | Twitter | Instagram | LinkedIn |
YouTube | Telegram | TikTok
About OUE Limited
OUE Limited (SGX:LJ3) is a leading real estate and healthcare group, growing
strategically to capitalise on growth trends across Asia. Incorporated in 1964 and
listed in 1969, OUE has a proven track record of developing and managing prime
real estate assets, with a portfolio spanning the commercial, hospitality, retail and
residential sectors.
OUE manages two SGX-listed REITs: OUE REIT, one of Singapore’s largest
diversified REITs, and First REIT (a subsidiary of OUE Healthcare), Singapore's first
listed healthcare REIT. As at 31 December 2023, OUE’s total assets were valued at
S$9.3 billion, with S$7.9 billion in funds under management across OUE’s two REIT
platforms and managed accounts.
OUE Healthcare, an SGX Catalist-listed subsidiary of OUE, operates and owns high-
quality healthcare assets in high-growth Asian markets. With a vision of creating a
regional healthcare ecosystem that is anchored on Singapore’s medical best
practices, OUE Healthcare’s portfolio of owned and operated businesses includes
hospitals, medical centres, clinics and senior care facilities in Singapore, Japan,
Indonesia and China.
Anchored by its “Transformational Thinking” philosophy, OUE has built a strong
reputation for developing iconic projects, transforming communities, providing
exceptional service to customers and delivering long-term value to stakeholders.
Read more:
OUE Limited – 60 Years of Transformation
(oue.com.sg)
