Page 8 - ar2012

CDL Hospitality TrustS
06
STAPLED STRUCTURE
CDLHT is a stapled group comprising H-REIT, a real estate investment
trust, and HBT, a business trust. H-REIT currently owns seven properties
in Singapore, fve properties in Australia, one property in New Zealand,
and one property in Maldives. HBT is currently dormant.
(1) CDLHT comprises stapled units of H-REIT and HBT (“Stapled Securities ”) with each Stapled Security consisting of a unit in H-REIT and a unit in HBT.
(2) Holdings of Stapled Securities as at 1 March 2013.
(3) HBT is currently dormant. M&C Business Trust Management Limited is HBT’s trustee-manager (“HBT Trustee-Manager”), and it will providemanagement
services to HBT and act on behalf of the holders of the HBT units. Distributions (if any) to be made by HBT, when activated, will be determined at the
sole discretion of the HBT Trustee-Manager’s Board. For more details, please refer to page 5 of this annual report (the “Annual Report ”).
(4) For simplicity, the diagram does not include the relationships in relation to Orchard Hotel Shopping Arcade. The H-REIT Manager manages Orchard
Hotel Shopping Arcade directly, hence the various tenants of the retail units at Orchard Hotel Shopping Arcade make rental payments directly to
H-REIT under the terms of their respective leases.
(5) The master lessees and hotel management companies for Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel
(collectively, the “IPO Hotels ”) and Studio M Hotel are subsidiaries of M&C (the “M&C Group ”). For more details, refer to pages 30-39 of the Annual
Report.
(6) The master lessees and hotel management companies for Novotel Singapore Clarke Quay, Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure
Perth and Ibis Perth are subsidiaries of Accor S.A. (“ Accor Group”). For more details, refer to pages 40-41 and 46-49 of the Annual Report.
(7) The master lessee and hotel management company for Rendezvous Grand Hotel Auckland is a subsidiary of Rendezvous Hotels International Private
Limited (“ Rendezvous Group”). For more details, refer to pages 44-45 of the Annual Report.
(8) The master lessee and hotel management company for Angsana Velavaru is a subsidiary of Banyan Tree Holdings Limited (“Banyan Tree Group”).
For more details, refer to pages 50-51 of the Annual Report.
Holdings of Stapled Securities (1)
DBS TRUSTEE
LIMITED
(H-REIT TRUSTEE)
M&C REIT
MANAGEMENT
LIMITED
(H-REIT MANAGER)
M&C
(Sponsor)
OTHER
INVESTORS
• Orchard Hotel
• Grand Copthorne Waterfront Hotel
• M Hotel
• Copthorne King’s Hotel
• Studio M Hotel
• Novotel Singapore Clarke Quay
• Orchard Hotel Shopping Arcade (4)
• Rendezvous Grand Hotel Auckland
• Novotel Brisbane
• Mercure Brisbane
• Ibis Brisbane
• Mercure Perth
• Ibis Perth
• Angsana Velavaru
SINGAPORE
OVERSEAS
= 64.8% (2)
Distributions
Rent Lease of
hotels
Provides hotel
management services
Active asset management
in close collaboration with
master lessees
Acts on
behalf of
the holders
of H-REIT
units
STAPLED STRUCTURE
Provides
management
services
Distributions
= 35.2% (2)
H-REIT
• M&C Group (5)
• Accor Group (6)
• Rendezvous Group (7)
• Banyan Tree Group (8)
• M&C Group (5)
• Accor Group (6)
• Rendezvous Group (7)
• Banyan Tree Group (8)
HBT (3)
MASTER
LESSEES
HOTEL
MANAGEMENT
COMPANIES
s