SG-listed CDL Hospitality Trusts to sell Novotel hotel, acquire W Singapore

SG-listed CDL Hospitality Trusts to sell Novotel hotel, acquire W Singapore

Photo from CDL Hospitality Trusts.

Singapore-listed CDL Hospitality Trusts (CDLHT) announced that it is selling its 85-per cent stake in Novotel Singapore Clark Quay for S$375.9 million ($276 million) and then acquiring W Singapore hotel at Sentosa Cove for S$324 million ($238 million).