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

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1 outlet covering · First listed: Forbes, Nov 11, 2026, 6:32 AM · Read it: <https://www.forbes.com/sites/iansayson/2026/11/11/billionaire-kweks-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.

## Who's covering it

In the order they published:

- Nov 11, 2026, 6:32 AM: [Billionaire Kwek’s CDL Hospitality Buying Moxy Singapore For $366 Million Amid Travel Boom](<https://www.forbes.com/sites/iansayson/2026/11/11/billionaire-kweks-cdl-hospitality-buying-moxy-singapore-for-366-million-amid-travel-boom/>) — Forbes (Magazine, United States)
  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.