According to CDLHT, the resort will cease to operate under the “Raffles Hotels & Resorts” brand on Oct 31 but will continue operations without interruption during and after the transition.
The resort will be operated through a new franchise agreement with Marriott International. The Halcyon offers 38-villa retreat, with villas starting from 220 sqm.
CDLHT has assets under management of about $3.5 billion as at June 30. Its portfolio comprises 22 properties, which include 4,924 hotel rooms, 352 build-to-rent apartment units, 404 purpose-built student accommodation units and a retail mall.
