City Developments Purchases Holiday Inn London - Kensington High Street for £280 Million

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Dec 02 2025

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Source: NASDAQ.COM

Acquisition Details: City Developments Ltd. (CDL) has acquired the 706-room Holiday Inn London at Kensington High Street for £280 million (approximately S$480.2 million), with a cost of £396,600 (around S$680,200) per room.
Investment Strategy: The acquisition aligns with CDL's strategy to enhance its portfolio quality and increase its presence in Central London, now owning over 3,000 hotel rooms in the area.
Financial Performance: The hotel has maintained high occupancy rates of over 97% for the nine months leading to September 2025, with total revenue exceeding £39 million (around S$66.9 million) in the previous year.
Market Impact: Following the announcement, CDL shares rose by 0.97% to S$7.27 on the Singapore Stock Exchange, reflecting positive market sentiment regarding the acquisition.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.