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CDL Hospitality TrustS
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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
Name of Related Parties than $100,000)
Republic Hotels & Resorts Limited
- Rental income in relation to Copthorne King’s Hotel $34,455,608
and Grand Copthorne Waterfront Hotel
- Rental income in relation to Waterfront Conference Centre (1) $755,244
City Hotels Pte. Ltd.
- Rental income in relation to Orchard Hotel $27,703,963
- Shared services(2) expense in relation to $132,546
Orchard Hotel Shopping Arcade
Harbour View Hotel Pte. Ltd.
- Rental income in relation to M Hotel $16,695,397
City Developments Limited
- Rental expense in relation to Waterfront Conference Centre (1) $755,244
Republic Iconic Hotel Pte. Ltd.
- Rental income in relation to Studio M Hotel $10,861,672
CBM Pte. Ltd.
- Cleaning services in relation to Orchard Hotel Shopping Arcade $142,800
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.
Related party transactions