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

Forbes ·

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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  1. ForbesBillionaire Kwek’s CDL Hospitality Buying Moxy Singapore For $366 Million Amid Travel BoomCDL 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.