106
CDL
HOSPITALITY TRUSTS
PORTFOLIO STATEMENTS
As at 31 December 2014
STAPLED GROUP
Percentage Percentage
Remaining
Carrying Carrying of total net of total net
Description of
Tenure of
Term
Term
Existing Value at
Value at
Assets at Assets at
Property
of Land
of Lease
of Lease
Location
use 31/12/2014 31/12/2013 31/12/2014 31/12/2013
$’000
$’000
%
%
Investment properties
Singapore
Orchard Hotel
Freehold *
75 years
67 years
442 Orchard Hotel
460,000
455,500
28.5
28.6
Road
Claymore Connect
Freehold *
75 years
67 years
442 Orchard Retail
106,000
78,000
6.6
4.9
Road
Grand Copthorne Freehold *
75 years
67 years 392 Havelock Hotel
363,000
358,000
22.5
22.4
Waterfront Hotel
Road
M Hotel
Freehold *
75 years
67 years 81 Anson Road Hotel
235,000
233,000
14.5
14.6
Copthorne
Leasehold 99 years from
52 years 403 Havelock Hotel
122,000
123,000
7.5
7.7
King’s Hotel
1 February 1968
Road
Novotel Singapore
Leasehold 97 years and 62 years 177A River Valley Hotel
319,000
315,000
19.7
19.8
Clarke Quay
30 days from
Road
2 April 1980
Studio M Hotel
Leasehold 99 years from 91 years 3 Nanson Road Hotel
164,000
163,000
10.2
10.2
26 February 2007
New Zealand
Rendezvous Grand
Freehold
–
–
71 – 87 Mayoral
Hotel
102,890
100,816
6.4
6.3
Hotel Auckland
Drive, Auckland
Australia
Mercure Brisbane Freehold
–
–
85 – 87 North
Hotel
67,269
72,346
4.3
4.5
and Ibis Brisbane
Quay, Brisbane
and 27 – 35 Turbot
Street, Brisbane
Novotel Brisbane Freehold
–
–
200 Creek Street, Hotel
76,740
82,519
4.7
5.2
Brisbane
Ibis Perth
Freehold
–
–
334 Murray Street, Hotel
32,289
32,782
2.0
2.0
Perth
Mercure Perth
Freehold
–
–
10 Irwin Street,
Hotel
49,079
46,346
2.9
2.9
Perth
Maldives
Angsana Velavaru Leasehold 50 years from 33 years South Nilandhe Resort
109,156
101,384
6.8
6.4
26 August 1997
Atoll
Balance carried forward
2,206,423 2,161,693
136.6
135.5
* H-REIT’s interest in the freehold land is restricted to the remaining term of each respective lease.
The accompanying notes form an integral part of these financial statements.
