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CDL hotel arm mulls asset disposal

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M&C plans to focus on four-star hotels under three brand collections – such as M Social – and several five-star and luxury hotels in its Leng’s Collection brand.

Singapore

CITY Developments Limited's (CDL) hotel arm Millennium & Copthorne Hotels (M&C) is reviewing its portfolio and may dispose of some assets in a drive to recover from the effects of the Covid-19 pandemic by as early as 2021, it said on Wednesday night.

"Having...

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