Crowne Plaza Changi Airport Opens 10-Storey Extension Adding 243 New Rooms

Crowne Plaza Changi Airport, named the World’s Best Airport Hotel by Skytrax World Airport Awards in 2015 and 2016, recently revealed its new 10-storey extension. The extension, featuring 243 rooms specifically designed for business travelers, will increase the hotel’s total capacity by over 75%. With a total of 563 rooms now, Crowne Plaza Changi Airport will be able to cater to an increasing number of visitors to Singapore, as Changi Airport continues to grow as a key regional aviation hub with upcoming developments such as Terminal 4 and Jewel Changi Airport in the next few years. Designed by Singapore-based architectural firm WOHA, who also designed the main building, the extension was developed by OUE Limited using Prefabricated Prefinished Volumetric Construction (PPVC) techniques – a first for a private-sector commercial project in Singapore.

Ascott Opens First Citadines Serviced Residence in South Korea’s Capital

CapitaLand’s wholly-owned serviced residence business, The Ascott Limited (Ascott) has opened the Citadines Han River Seoul – its first Citadines-branded property in Seoul. The 149-unit property marks Ascott’s continued expansion in South Korea, with over 1,000 units currently in operation in the country. Situated in Yeongdeungpo-gu, close to the Yeouido and Gangnam financial districts, Citadines Han River Seoul offers easy access to major business complexes, entertainment venues and shopping centers. Ascott’s Country General Manager for Korea, Max Phillips, commented, “Citadines Han River Seoul is our second Citadines-branded serviced residence in South Korea, catering to the growing number of independent travelers who prefer the flexibility to choose the services according to their lifestyles. Since Ascott’s acquisition of the Citadines Apart’hotel chain in 2004, Citadines has become one of our fastest growing brands and its portfolio has more than tripled from the initial 5,100 units to almost 16,000 units in 64 cities across Asia Pacific, Europe and the Middle East.”

Luxury Cruise from Mumbai to the Maldives, to Start This December

Luxury cruise line, Costa Cruises has launched a seven-night cruise on the Costa neoClassica, from Mumbai, India to Malé, the capital of the Maldives. The Costa neoClassica has 654 cabins and suites that can accommodate up to 1,700 passengers. The ship also features a casino, a theater, a library, a discotheque, a ballroom, a variety of dining options, a bar, a wellness center, two swimming pools and a gym. The cruise will operate from 16 December 2016 to 18 March 2017. The liner will stop at Mangaluru and Kochi on its way to the Maldives.

Absolute Share Price Performance, as on 11 Aug 2016