4
CDL
HOSPITALITY TRUSTS
(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 3 March 2015.
(3) HBT Trustee-Manager provides management services to HBT and acts on behalf of the holders of the HBT units. Distributions (if any) to be made
by HBT will be determined at the sole discretion of the HBT Trustee-Manager’s Board.
(4) For simplicity, the diagram does not include the relationships in relation to Claymore Connect (previously Orchard Hotel Shopping Arcade).
The H-REIT Manager manages Claymore Connect directly, hence the various tenants of the retail units at Claymore Connect 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 ("
M&C Group
"). For more details, refer to pages 34-43 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 44-45 and 48-51 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 52-53 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 54-55 of the Annual Report.
(9) The master lessee for Jumeirah Dhevanafushi is a subsidiary of HBT and the hotel management company is a subsidiary of Jumeirah International
LLC ("
Jumeirah Group
"). For more details, refer to pages 56-57 of the Annual Report.
(10) The master lessee for Hotel MyStays Asakusabashi and Hotel MyStays Kamata is a subsidiary of HBT and the hotel management company is
MyStays Hotel Management Co., Ltd . For more details, refer to pages 58-59 of the Annual Report.
OVERVIEW OF
CDL HOSPITALITY TRUSTS
Holdings of Stapled Securities
(1)
Distributions
Distributions
OTHER
INVESTORS
= 64.0%
(2)
M&C
(SPONSOR)
= 36.0%
(2)
M&C BUSINESS
TRUST
MANAGEMENT
LIMITED
(3)
(HBT TRUSTEE-
MANAGER)
Provides
management
services
Acts on
behalf of the
holders of
HBT units
Lease
of hotels
Rent
STAPLED STRUCTURE
Acts on
behalf of
the holders
of H-REIT
units
DBS TRUSTEE
LIMITED
(H-REIT TRUSTEE)
M&C REIT
MANAGEMENT
LIMITED
(H-REIT MANAGER)
Active asset management
in close collaboration with
master lessees
Provides
management
services
HBT
• Master lessee for Jumeirah
Dhevanafushi
(9)
• Master lessee for Hotel
MyStays Asakusabashi
& Hotel MyStays Kamata
(10
)
Rent
Lease of
hotels
• M&C Group
(5)
• Accor Group
(6)
• Rendezvous Group
(7)
• Banyan Tree Group
(8)
MASTER LESSEES
Provides hotel
management services
SINGAPORE
• 6 hotels and 1 retail mall
(4)
OVERSEAS
• 5 Australia Hotels
• 1 New Zealand Hotel
• 2 Maldives Resorts
• 2 Japan Hotels
H-REIT
• Jumeirah Group
(9)
• MyStays Hotel Management
Co., Ltd.
(10)
HOTEL MANAGEMENT
COMPANIES
STAPLED STRUCTURE
CDLHT is a stapled group comprising H-REIT, a real estate investment trust, and HBT, a business trust. CDLHT currently owns
seven properties in Singapore, five properties in Australia, one property in New Zealand, two properties in Maldives and two
properties in Japan.
