CDL Hospitality Trusts (CDLHT) will sell Novotel Singapore Clarke Quay, part of a Liang Court site for redevelopment, for S$375.9 million and make an up-to-S$475 million forward purchase of a new hotel that will be part of the new integrated development. In a bourse filing on Thursday, CDLHT said it will also buy W Singapore hotel at Sentosa Cove for S$324 million. The 403-key Novotel hotel will be...
W Singapore Sentosa Cove
CITY Developments Limited (CDL) acquired the remaining 62.5 per cent stake from the investors of Profit Participation Securities (PPS) 1 structure for S$393 million, giving it full control of W Singapore-Sentosa Cove and Quayside Isle as it seeks to ride on the government's plans to reshape Sentosa. At an earnings briefing on Thursday morning, group chief executive officer Sherman Kwek said that the...
Property giant City Developments Limited (CDL) unveiled its new luxury hotel W Singapore - Sentosa Cove on Tuesday. Experts said the hotel, which claims to be Singapore's greenest new hotel, offers, will reinforce CDL's corporate sustainability efforts. The developer of W Singapore - Sentosa Cove said this is the first new hotel in Singapore to be awarded the Green Mark Platinum Award. The Platinum...
City Developments said the structure of the new W Singapore Sentosa Cove hotel is ready while the adjacent Residences at W Singapore Sentosa Cove is nearing completion. In an update on the construction of the luxury resort, CDL says it will be a cosmopolitan oasis for tourists and locals alike and is reminiscent of world-famous locations such as Port Grimaud along the French Riviera. The developer added...