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annual report 2011 75
Portfolio Statements
As at 31 December 2011
The H-REIT Group
Percentage Percentage
of of
Remaining Carrying Carrying Total Net Total Net
Description Tenure Term of Term of Existing value at value at Assets at Assets at
of Property of Land Lease Lease Location use 31/12/2011 31/12/2010 31/12/2011 31/12/2010
$’000 $’000 % %
Investment
properties
Singapore
Orchard Hotel Freehold* 75 years 70 years 442 Orchard Road Hotel 450,000 429,000 29.1 29.4
Orchard Hotel Freehold* 75 years 70 years 442 Orchard Road Retail 54,800 54,300 3.5 3.7
Shopping Arcade
Grand Copthorne Freehold* 75 years 70 years 392 Havelock Road Hotel 350,000 322,000 22.6 22.0
Waterfront Hotel
M Hotel Freehold* 75 years 70 years 81 Anson Road Hotel 232,000 229,000 15.0 15.7
Copthorne Leasehold 99 years 55 years 403 Havelock Road Hotel 129,000 125,000 8.4 8.6
King’s Hotel from 1
February
1968
Novotel Clarke Leasehold 97 years 65 years 177A Hotel 296,000 276,000 19.1 18.9
Quay and 30 River Valley Road
days from
2 April 1980
Studio M Hotel Leasehold 99 years 94 years 3 Nanson Road Hotel 163,000 – 10.5 –
from 26
February
2007
New Zealand
Rendezvous Hotel Freehold – – 71 – 87 Hotel 90,495 98,994 5.8 6.8
Auckland Mayoral Drive,
Auckland
Australia
Mercure Brisbane Freehold – – 85 – 87 North Quay, Hotel 80,188 75,933 5.2 5.2
and Ibis Brisbane Brisbane and 27-35
Turbot Street, Brisbane
Novotel Brisbane Freehold – – 200 Creek Street, Hotel 94,286 90,541 6.1 6.2
Brisbane
Ibis Perth Freehold – – 334 Murray Street, Hotel 33,533 31,847 2.2 2.2
Perth
Mercure Perth Freehold – – 10 Irwin Street, Hotel 56,545 54,483 3.7 3.7
Perth
Investment properties, at valuation 2,029,847 1,787,098 131.2 122.4
Other assets and liabilities (net) (482,566) (327,243) (31.2) (22.4)
Net assets of H-REIT Group 1,547,281 1,459,855 100.0 100.0
The accompanying notes form an integral part of these fnancial statements.
*H-REIT’s interest in the freehold land is restricted to the remaining term of each respective lease.