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CDL Q1 profit slips; group buys another UK property

Its JV with IOI has also inked MOU with Marriott International to manage The South Beach hotel

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The South Beach hotel is to be rebranded as JW Marriott Singapore.

Singapore

CITY Developments Ltd (CDL), which posted declines in first-quarter net earnings and revenue, said on Wednesday that The South Beach hotel here will be rebranded as JW Marriott Singapore.

The 654-room hotel, which CDL owns through a joint venture with Malaysia's IOI Group