11
ANNUAL REPORT 2014
(1) All properties, excluding the Japan Hotels, were valued as at 31 December 2014. The Japan Hotels which were acquired on 19 December
2014, were valued (average of two valuations done by DTZ Debenham Tie Leung Kodo Kaisha and International Appraisals Incorporated) as at
30 October 2014.
Remaining
Purchase
No. of
Term of
Date of
Price in Valuation
Rooms
Title
Land Lease Acquisition millions
in millions
(1)
Vendor
Singapore
Orchard Hotel
656
19 Jul 2006
S$330.1
S$460.0
City Hotels Pte. Ltd.
Grand Copthorne 574
19 Jul 2006
S$234.1
S$363.0
City Developments
Waterfront Hotel
Limited
M Hotel
413
19 Jul 2006
S$161.5
S$235.0
Harbour View Hotel
Pte. Ltd.
Copthorne
310
99-year leasehold
52 years
19 Jul 2006
S$86.1
S$122.0
Republic Hotels &
King’s Hotel
interest commencing
Resorts Limited
1 Feb 1968
Studio M Hotel
360
99-year leasehold
91 years
3 May 2011
S$154.0
S$164.0
Republic Iconic Hotel
interest commencing
Pte. Ltd.
26 Feb 2007
Novotel
403
97 years and 30 days
62 years
7 Jun 2007
S$201.0
S$319.0
Lehman Brothers
Singapore
leasehold interest
Real Estate
Clarke Quay
commencing
Partners II L.P. and
2 Apr 1980
affiliated partnerships
Claymore Connect N.A.
75-year leasehold
67 years
19 Jul 2006
S$34.5
S$106.0
City Hotels Pte. Ltd.
(previously Orchard
interest commencing
Hotel Shopping Arcade)
19 Jul 2006
New Zealand
Rendezvous
452
Freehold
–
19 Dec 2006 NZ$113.0
NZ$100.0
Abacus Funds
Grand Hotel
Management
Auckland
Limited as trustee of
Abacus NZ
Holdings Trust
Australia
Novotel Brisbane
296
Strata Volumetric
–
18 Feb 2010
A$63.5
A$71.3
Freehold
Mercure Brisbane
194
Freehold
–
18 Feb 2010
Ibis Brisbane
218
Freehold
–
18 Feb 2010
Mercure Perth
239
Strata Freehold
–
18 Feb 2010
A$36.2
A$45.6
Ibis Perth
192
Freehold
–
18 Feb 2010
A$21.6
A$30.0
Maldives
Angsana Velavaru 113
50-year leasehold
33 years
31 Jan 2013 US$71.0
US$82.5
Maldives Bay
interest commencing
Pvt Ltd
26 Aug 1997
Jumeirah Dhevanafushi 35
50-year leasehold
41 years
31 Dec 2013 US$59.6
US$62.0
Xanadu Holdings
interest commencing
Pvt Ltd
15 Jun 2006
Japan
Hotel MyStays
138
Freehold
–
19 Dec 2014 ¥3,200
¥3,400
Asakusabashi
Hotel MyStays
116
Freehold
–
19 Dec 2014 ¥2,600
¥2,660
Kamata
KEY PROPERTY DETAILS
Summary details of CDLHT’s properties are as follows:
Tourism Asset
Holdings
Limited
A$62.5
75-year leasehold
interest commencing
19 Jul 2006
A$53.7
AKH GK
(Subsidiary of Real
Estate Capital
Asia Partners III L.P.)
67 years
