Tokyo Century partners with OUE to acquire Crowne Plaza Changi Airport
Media Release | June, 29 2026
Singapore, 29 June 2026 – Tokyo Century Corporation (“Tokyo Century”) in partnership with OUE Limited (“OUE”) has agreed to acquire Crowne Plaza Changi Airport (“CPCA”), a leading airport hotel asset located at Singapore Changi Airport.
Directly connected to Terminal 3 and Jewel Changi Airport, CPCA benefits from a diversified and resilient demand base, including international transit passengers, airline crews and corporate travellers, as well as proximity to Singapore Expo and Changi Business Park.
This is Tokyo Century’s second hospitality transaction in partnership with OUE in Changi Airport, following its first partnership with OUE relating to the development of Hotel Indigo Changi Airport in March 2025, which is expected to be operational in 2028.
As part of this transaction, Tokyo Century and Salter Brothers established a joint venture asset management company which, together with OUE, will be co-managing this asset. Salter Brothers acted as investment manager for Tokyo Century.
This transaction also builds on Tokyo Century’s continued investment activity in Singapore’s hospitality sector and its growing relationship with OUE.
Yoichiro Nakai, Deputy President and Executive Officer of Tokyo Century, said “This investment highlights the appeal of Singapore’s strong fundamentals and its position as a global gateway. We are pleased to partner with OUE on this high-quality asset and to work alongside Salter Brothers to support its continued performance.”
Paul Salter, Managing Director of Salter Brothers, said “We are pleased to support Tokyo Century on this investment and to work alongside OUE on a high-quality asset such as Crowne Plaza Changi Airport. This transaction reflects Tokyo Century’s continued focus on prime hospitality assets in key gateway cities, and we look forward to supporting them on the asset going forward.”
The transaction is subject to regulatory and shareholder approval and has an approximate value of S$500 million.