City Developments (SG:C09) has released an update.
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City Developments Limited (CDL) has expanded its hotel portfolio in Paris by acquiring the historic Hilton Paris Opéra for €240 million, ahead of the 2024 Olympics. This 268-room property is CDL’s third and largest in the city, strategically located near major tourist attractions and shopping areas. The acquisition, which brings CDL’s total room count in Paris to 670, follows the hotel’s extensive €43.4 million refurbishment and is poised to capitalize on the city’s tourism recovery and upcoming Olympic Games.
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