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Billionaire Kwek’s CDL Hospitality Buying Moxy Singapore For $366 Million Amid Travel Boom

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Forbes Business
By Ian Sayson, Forbes Staff
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Billionaire Kwek’s CDL Hospitality Buying Moxy Singapore For $366 Million Amid Travel Boom
Photo / Coverage: Forbes BusinessCredit: Ian Sayson, Forbes Staff
EXECUTIVE SUMMARY

CDL Hospitality Trusts—controlled by billionaire Kwek Leng Beng and his family’s City Developments—is acquiring Moxy Singapore Clark Quay, a hotel along the Singapore River near the Raffles Place central business district, for about $366 million amid travel boom.

Key Takeaways

  • Billionaire Kwek’s CDL Hospitality Buying Moxy Singapore For $366 Million Amid Travel Boom.

CDL Hospitality Trusts—controlled by billionaire Kwek Leng Beng and his family’s City Developments—is acquiring Moxy Singapore Clark Quay, a hotel along the Singapore River near the Raffles Place central business district, for about $366 million amid travel boom.

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