13
ANNUAL REPORT 2014
(1) Does not include properties which are on management contracts, namely Jumeirah Dhevanafushi, and Hotel MyStays Asakusabashi and Hotel
MyStays Kamata. For information on the hotel management agreements of Jumeirah Dhevanafushi and the Japan Hotels, please refer to page
57 and 59 respectively.
TOP 10 TENANTS BY GROSS RENTAL INCOME FOR ASSETS WITH LEASES
(1)
For FY 2014
LEASE EXPIRY PROFILE AND TENANT MIX BY GROSS RENTAL INCOME FOR ASSETS WITH LEASES
(1)
For FY 2014
Singapore IPO Hotels 50.4%
20 years from 19 Jul 2006 with an option to renew for another 20 years
Novotel Singapore
15.4%
Approximately 13.5 years from 7 Jun 2007 expiring 31 Dec 2020
Clarke Quay
Australia Hotels
11.5% Approximately 11 years from 19 Feb 2010 expiring 30 Apr 2021
Angsana Velavaru
8.2% 10 years from 1 Feb 2013 expiring 31 Jan 2023
Rendezvous Grand 7.0%
10 years from 7 Sep 2006 with an option to renew for another 5 years
Hotel Auckland
Studio M Hotel
6.2%
20 years from 3 May 2011 with an option to renew for three
consecutive additional terms of 20 years + 20 years + 10 years
Claymore Connect
1.3%
Range of lease terms - for details on lease expiry profile, refer to
page 47
50.4%
15.4%
11.5%
8.2%
7.0%
6.2%
1.3%
98.7% of CDLHT's rental income for FY 2014 came from hotel properties and the remaining 1.3% was from Claymore Connect,
the only retail mall owned by CDLHT. CDLHT has a strong tenant mix of diversified hotel operators on master leases as well as a
healthy lease expiry profile.
BREAKDOWN OF NET PROPERTY INCOME BY GEOGRAPHY AND PROPERTIES
For FY 2014
Tenant Classification Hotels
F&B Entertainment
SINGAPORE PORTFOLIO 69.0%
Singapore
69.0%
Orchard Hotel
16.9%
Grand Copthorne
14.9%
Waterfront Hotel
Novotel Singapore
14.9%
Clarke Quay
M Hotel
10.3%
Studio M Hotel
6.0%
Copthorne King’s Hotel
5.3%
Claymore Connect
0.7%
OVERSEAS PORTFOLIO 31.0%
Australia
11.9%
Novotel Brisbane
4.3%
Mercure & Ibis Brisbane
3.5%
Mercure Perth
2.5%
Ibis Perth
1.6%
New Zealand
7.3%
Rendezvous Grand
7.3%
Hotel Auckland
Maldives
11.8%
Angsana Velavaru
7.7%
Jumeirah Dhevanafushi
4.1%
