Novotel Clarke Quay

CDL Hospitality Trusts reports 57.4% drop in 3Q NPI to $15.2 mil - THE EDGE SINGAPORE

Results

CDL Hospitality Trusts reports 57.4% drop in 3Q NPI to $15.2 mil

CDLHT's gross revenue and NPI registered growth in 3QFY2020 compared to the previous quarter.

Property

CDL Hospitality Trusts completes divestment of Novotel for $375.9 mil

With the remaining amount of approximately $370.3 million, about $342.2 million will be used to fund the acquisition of W Singapore – Sentosa Cove hotel by paying down the short term borrowings.
CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

Property

CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days. But now, the 35-year-old property could get a facelift in a massive deal involving City Developments (CDL), CapitaLand, Ascott Residence Trust (Ascott REIT) and
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