Singapore's First Moxy Hotel Expected to Open in Clarke Quay by March 2027

SINGAPORE – Marriott International is set to debut its Moxy hotel brand in Singapore with the Moxy Singapore Clarke Quay, expected to open by the end of March 2027. This hotel will occupy the site of the former Novotel Singapore Clarke Quay as part of the larger CanningHill Piers development, a mixed-use project currently under construction on the former Liang Court site.

The Moxy Singapore Clarke Quay will feature 475 rooms spread across 21 stories, with room sizes ranging from approximately 17 square meters to 27 square meters. Guests will enjoy views of the Singapore River, Fort Canning Park, and the city skyline. The hotel will also include a rooftop pool and restaurant, enhancing its appeal to both leisure and business travelers, according to CDL Hospitality Trusts (CDLHT).

“The Clarke Quay location will help the hotel draw both leisure and business travellers.”CDLHT Managers

CDLHT, which is acquiring the hotel for an estimated $468.8 million, announced that it expects to complete the acquisition by the time the hotel opens. This acquisition will increase CDLHT's total room count in Singapore by about 19%, bringing it to approximately 3,030 rooms. The trust's managers noted that Singapore will account for about 67% of its portfolio value post-acquisition, up from about 62% at the end of 2025.

CDLHT's acquisition is part of a broader strategy to enhance its portfolio, with the company also increasing its dividend payout ratio from 90% to 100% of distributable income starting from the second half of 2025. The deal is expected to be partially funded through a preferential offering aimed at raising about S$148.8 million from existing investors.

The CanningHill Piers development is a joint venture between CapitaLand Development and City Developments Limited (CDL), in partnership with Ascott Residence Trust. The project will include residential towers, commercial spaces, the Moxy hotel, and a serviced residence, all integrated to enhance the vibrancy of the Clarke Quay area. The development aims to rejuvenate the river promenade and improve pedestrian accessibility, aligning with the Urban Redevelopment Authority's vision for the area.

“We expect limited growth in local hotel supply, with Singapore's room inventory projected to rise by just around 1.3% a year.”CDLHT Managers

As part of this integrated development, the hotel will benefit from Marriott's global booking network and Bonvoy loyalty program, which are expected to help drive occupancy rates once operations stabilize. Analysts at CDLHT anticipate that the hotel will achieve stabilized operations by 2030, with occupancy rates expected to cover interest costs by 2028.

Overall, the Moxy Singapore Clarke Quay represents a significant addition to the local hospitality landscape, particularly as Singapore's hotel supply is projected to grow at a modest rate of about 1.3% annually from 2026 to 2029.