CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust ("H-REIT"), a real estate investment trust, and CDL Hospitality Business Trust ("HBT"), a business trust.
H-REIT, the first hotel real estate investment trust ("REIT") in Singapore, is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of hospitality and/or hospitality-related real estate assets globally.
HBT exists primarily as a "master lessee of last resort" in the event H-REIT is unable to appoint a master lessee for any of the hotels in its portfolio at the expiry of the relevant master lease agreement or for a newly acquired hotel. HBT may also undertake certain hospitality and hospitality-related development projects, acquisitions and investments which may not be suitable for H-REIT.
CDL Hospitality Trusts' portfolio comprises:
- Orchard Hotel and Claymore Connect
- Grand Copthorne Waterfront Hotel
- M Hotel
- Copthorne King’s Hotel
- Studio M Hotel
- Novotel Singapore Clarke Quay
In New Zealand
In United Kingdom