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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

The South Beach hotel is to be rebranded as JW Marriott 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

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