World · Singapore Bureau
Singapore's first Moxy hotel to debut at Clarke Quay in 2027
A Marriott-branded Moxy hotel will open at the former Novotel site in Clarke Quay, marking the budget chain's Singapore entry. The development comes as CDL Hospitality Trusts boosts its distribution payout to investors.
LSN Singapore ·
Singapore will welcome its first Moxy hotel when the Marriott International budget brand opens at a refurbished Clarke Quay location in 2027. The property will occupy the site of the former Novotel building, bringing the casual, streamlined hotel concept to the city-state's hospitality landscape.
Moxy hotels are designed as affordable, contemporary accommodations targeting business and leisure travellers seeking no-frills stays with essential amenities. The Clarke Quay location positions the brand in one of Singapore's established hospitality and entertainment precincts.
Separately, CDL Hospitality Trusts announced it will increase its payout ratio to 100% of distributable income, up from the current 90%. The move reflects the trust's confidence in its financial position and represents a higher return to unitholders from operating cash flows.
The dual announcements underscore continued investment and growth in Singapore's hotel sector, despite the competitive market environment. The Moxy opening reflects international hotel operators' confidence in Singapore's tourism recovery and sustained demand for diversified accommodation options.