The Meridien Hotel at Orchard Road and its corresponding branch in Changi were formerly owned by Indonesian tycoon Hendra Rahardja through his company Richland Development. The former opened in December 1983 while the latter in May 1985. They were managed by French hospitality chain, Societe des Hotels Meridian. Unfortunately, the 1980s saw the onset of an economic recession, which also resulted in a hotel slump. Richland Development ran into financial difficulties and both hotels were subsequently placed under receivership by French bank Societe Generale. The Hotel Meridien at Orchard was bought over by Ong Beng Seng’s Hotel Properties Limited in 1988 while Far East Organization assumed ownership of the Hotel Meridien at Changi in 1989. Both hotels were renamed when their management reverted from the Le Meridien hotel group back to their parent companies. The hotel at Orchard was relaunched as the Concorde Hotel in 2008, while the one in Changi was renamed the Changi Village Hotel in 2002.
