CDL Hospitality Trust announced it will acquire the Moxy Singapore Clarke Quay hotel, a 475‑room property near the Singapore River. The purchase is a key example of how a large real‑estate player expands its earnings and market presence in a competitive hospitality sector.

The purchase price is 5.7% below the Marriott‑managed property’s SGD497 million valuation. CDL Hospitality Trust will fund the deal with debt and the net proceeds from a SGD149 million share offering at SGD0.643 per share.

The acquisition will increase CDL Hospitality’s earnings and expand its portfolio from 4,924 to 5,399 rooms. Adding almost 500 rooms strengthens the trust’s scale and gives it more rooms to rent out as travel demand recovers.

The hotel will be the first Moxy‑branded hotel in Singapore. Moxy, a Marriott International lifestyle brand, is known for compact rooms and lively communal spaces where guests can work, drink and socialize, giving CDL a fresh brand appeal.

CDL Hospitality Trust expects business travel, major events and leisure visits to support demand for Singapore hotel rooms. By combining a larger room count, a new lifestyle brand and solid financing, the trust aims to grow revenue and secure a stronger position in Singapore’s hotel market.