On behalf of DBS Trustee Limited (in its capacity as trustee of OUE Commercial REIT), JLL and CBRE have been appointed as joint agents for the sale of the landmark Crowne Plaza Changi Airport, Singapore.
Ranked as the World’s Best Airport Hotel for seven years by Skytrax, the Property occupies an unparalleled location with direct connectivity to Changi International Airport and the sprawling Jewel entertainment and retail complex. The Hotel features 563 well-appointed guestrooms with a full suite of amenities and facilities catering to leisure, MICE and corporate travellers alike.
Key Investment Highlights
- Singapore’s flagship airport hotel which benefits from a diversity of demand
- On the doorstep of one of the world’s leading aviation hubs and the greater Changi region – a vibrant and thriving economic hub of Singapore
- Potential for vacant possession allows an investor to establish immediate brand presence in one of Asia’s most highly sought-after hotel markets, or benefit from the current management from IHG
- Resilient trading performance with strong cash flows and operating profitability underpinned by stable long-term demand drivers
- Upside potential through a range of asset enhancement initiatives aimed to further drive trading performance and long-term value
- Strong recovery underway for Singapore’s tourism industry with muted supply in the near-term expected to further boost the Hotel’s performance
