CDL Hospitality Trusts is
a stapled group comprising CDL Hospitality Real
Estate Investment Trust and CDL Hospitality Business
Trust. CDL Hospitality Trusts is listed on the
mainboard of the Singapore Exchange.
CDL Hospitality Real Estate Investment Trust is
the first hotel real estate investment trust in
Asia (ex Japan) established with the principal
investment strategy of investing in a portfolio
of hospitality and hospitality related real estate
assets. CDL Hospitality Real Estate Investment
Trust has a current asset portfolio of S$1.63
billion, formed from 6 strategically located hotels
and 1 hotel shopping arcade in Singapore and New
Zealand. These hotels have been leased out on
long term leases to master lessess.
CDL Hospitality Business Trust is a business trust
which is currently dormant.
CDL Hospitality Real Estate Investment Trust is
managed by M&C REIT Management Limited, a
subsidiary of Millennium & Copthorne Hotels
plc, an internationally recognized company which
owns and operates hotels globally and which is
listed on the London Stock Exchange. M&C REIT
Management Limited are supported by the resources
of both Millennium & Copthorne Hotels Plc
as well as its parent, City Developments Ltd,
one of the largest corporations in Singapore. |