Singapore’s first Moxy hotel to open at former Novotel building in Clarke Quay in 2027

Résumé détaillé

Singapore’s first Moxy hotel will open in Clarke Quay in 2027, with CDL Hospitality Trusts set to complete its acquisition. Read more at straitstimes.com.

Guests at Moxy Singapore Clarke Quay will be able to enjoy a view of the Singapore River once the hotel is complete.

SINGAPORE – Marriott’s first Moxy hotel in Singapore is expected to open by the end of March 2027 on the site of the former Novotel Singapore Clarke Quay.

The 21-storey, 475-room Moxy Singapore Clarke Quay is part of the CanningHill Piers development, a mixed-use project currently being developed on the former Liang Court site.

CDL Hospitality Trusts (CDLHT) expects to complete its $474.6 million acquisition of the hotel when it opens, it said in a stock exchange filing on Nov 10.

In a separate announcement on the same day, CDLHT also said it would raise its dividend payouts from 90% to 100% of distributable income, starting with the six months from July 1 to Dec 31.

CanningHill Piers is being developed by CapitaLand Development and City Developments Limited (CDL), in partnership with Ascott Residence Trust.

CDLHT in 2019 sold the Novotel, which was part of Liang Court, while agreeing to buy the new hotel once it was built.

The Moxy hotel is expected to have more than 93 years left on its 99-year lease when the deal is completed.

Moxy is Marriott International’s lifestyle hotel brand, known for its compact rooms and lively communal spaces where guests can work, drink and socialise.

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