 The Furama Kempinski Hotel, famous for its revolving restaurant, formerly stood on the same lot that the former AIG Tower rises from, but in December 2001, the 33-story hotel was demolished in order to make way for the AIG Tower.The tower was renamed to AIA Central on 9 July 2009.The building was jointly developed by Lai Sun Development, CapitaLand, and American International Group (AIG).