Billionaire Kwek Leng Beng’s CDL Expands In London With $370 Million Holiday Inn Deal
PositiveFinancial Markets

- Billionaire Kwek Leng Beng's company, CDL, has expanded its presence in London by acquiring a Holiday Inn for $370 million, increasing its portfolio to over 3,000 rooms in the city. This acquisition adds to CDL's existing six hospitality assets, which include the 833-room Copthorne Tara Hotel and the 611-key Millennium Gloucester Hotel.
- This development signifies CDL's strategic growth in the competitive London hospitality market, enhancing its footprint and potentially increasing revenue streams. The expansion reflects confidence in the recovery and demand for hotel accommodations in the region.
— via World Pulse Now AI Editorial System


