CDLHT launches preferential offering of 231 million stapled securities at S$0.643 apiece

Proceeds will help fund acquisition of lifestyle hotel Moxy Singapore Clarke Quay

Navene Elangovan

Published Wed, Nov 11, 2026 · 08:59 AM

Moxy Singapore Clarke Quay is expected to begin operations by the end of Q1 2027. PHOTO: CDL

[SINGAPORE] The manager of CDL Hospitality Real Estate Investment Trust (CDLHT) announced on Wednesday (Nov 11) the launch of its preferential offering for 231.4 million new stapled securities at an issue price of S$0.643 per stapled security.

The non-renounceable preferential offering is on the basis of 18 new stapled securities for every 100 existing securities. The offering is expected to raise gross proceeds of around S$148.8 million.

Of this amount, S$145.6 million will be used to partially finance the S$468 million acquisition of Moxy Singapore Clarke Quay, a 475-room lifestyle hotel. The hotel is expected to begin operations by the end of the first quarter of 2027.

The remaining funds will go towards expenses incurred from the preferential offering.

The issue price represents a discount of 9.9 per cent to the volume-weighted average price of S$0.7135 per stapled security.

The record date for the preferential offering is Nov 18, 5 pm. The preferential offering opens on Nov 23, 9 am, and will close on Dec 1, 5.30 pm.

CDL Hospitality Trusts Q3 NPI rises 7.1% to S$36.7 million

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Listing and trading of the new stapled securities will begin on Dec 9.

Stapled securities of CDLHT ended Tuesday flat at S$0.715.

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