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CDL Hospitality Trusts 122
related party transactions*
Related Party Transactions pursuant to the Listing Manual of Singapore Exchange Securities Trading Limited and
Property Funds Appendix respectively are listed below:
Aggregate value of all Related Party Transactions
for the fnancial year under review (excluding
transactions less than $100,000)
Republic Hotels & Resorts Limited
- Rental income in relation to Copthorne King’s Hotel $33,832,315
and Grand Copthorne Waterfront Hotel
- Rental income in relation to Waterfront Conference Centre (1) $589,578
City Hotels Pte. Ltd.
- Rental income in relation to Orchard Hotel $27,248,851
- Shared services (2) expense in relation to $125,638
Orchard Hotel Shopping Arcade
Harbour View Hotel Pte. Ltd.
- Rental income in relation to M Hotel $16,409,636
City Developments Limited
- Rental expense in relation to Waterfront Conference Centre (1) $589,578
Republic Iconic Hotel Pte. Ltd.
- Acquisition of Studio M Hotel $154,000,000
- Rental income in relation to Studio M Hotel $7,270,555
Notes:
(1) This relates to a lease agreement with City Developments Limited (“CDL”) for the lease of the second level of Waterfront Plaza which
comprises the Waterfront Conference Centre which H-REIT has sub-let to Republic Hotels & Resorts Limited (“RHRL”). Rental income
received from RHRL is thereafter paid to CDL as rental expense.
(2) This relates to a shared services agreement with City Hotels Pte. Ltd. which provides for shared services relating to the inspection of
electrical installations, pest control, waste disposal and manpower resources for managing Orchard Hotel Shopping Arcade.
Except as disclosed above, there were no additional related party transactions (excluding transactions of less
than $100,000 each and/or transactions collectively described as Exempted Agreements*) entered into during the
fnancial year under review.
* As defned in the Prospectus of CDLHT dated 10 July 2006.
Name of Related Parties