Crowne Plaza Changi Airport
The Crowne Plaza Changi Airport is a nine-story, international upscale hotel with direct access to the new Terminal 3 at Changi Airport. Until the Crown Plaza’s development, Changi Airport, Asia’s fifth-busiest aviation hub, was without a stand-alone hotel—overnight travelers were limited to transit hotels and nap rooms. Today, the Crowne Plaza Changi Airport offers travelers 320 guest rooms, 950 square meters (10,226 sf) of banquet and meeting space, and 2,575 square meters (27,717 sf) of restaurant and entertainment space in a lush, tropical setting atop a tangle of access roads and parking.
In 2006, the Civil Aviation Authority of Singapore awarded a 0.6-hectare (1.5-ac) site between Terminal 1 and the newly constructed Terminal 3 at the Changi Airport to L.C. Development. The Singapore-based developer, along with partner LaSalle Investment Management and hotel operator InterContinental Hotels Group, beat out four other bidders for the right to lease the parcel from the airport authority. The owners pay a base rent of SGD 250,000 (US$173,000) annually plus a percentage of revenue. The land lease runs through 2083.