OVERVIEW AND FINANCIAL REVIEW
PORTFOLIO SUMMARY
OF CDL HOSPITALITY TRUSTS
KEY PROPERTY DETAILS
Summary details of CDLHT’s properties are as follows:
No of
Rooms
Title
Remaining
Term of
Land Lease
Date of
Acquisition
Purchase
Price in
millions
Valuation
in
millions
(1)
SINGAPORE
Orchard Hotel
656
75-year leasehold
interest commencing
19 Jul 2006
66 years
19 Jul 2006
S$330.1 S$449.0
Grand Copthorne
Waterfront Hotel
574
19 Jul 2006 S$234.1 S$351.0
M Hotel
413
19 Jul 2006 S$161.5 S$235.0
Copthorne King’s Hotel
310 99-year leasehold interest
commencing 1 Feb 1968
51 years 19 Jul 2006
S$86.1 S$121.0
Studio M Hotel
360 99-year leasehold interest
commencing 26 Feb 2007
90 years 3 May 2011 S$154.0 S$159.0
Novotel Singapore
Clarke Quay
403
97 years and 30 days
leasehold interest
commencing 2 Apr 1980
61 years
7 Jun 2007
S$201.0 S$319.0
Claymore Connect
N.A.
75-year leasehold interest
commencing 19 Jul 2006
66 years 19 Jul 2006
S$34.5 S$106.0
NEW ZEALAND
Rendezvous Hotel
Auckland
452
Freehold
–
19 Dec 2006 NZ$113.0 NZ$117.0
AUSTRALIA
Novotel Brisbane
296 Strata Volumetric Freehold
–
18 Feb 2010
A$63.5
A$68.0
Mercure Brisbane
194
Freehold
–
18 Feb 2010
A$53.7
A$61.9
Ibis Brisbane
218
Freehold
–
18 Feb 2010
Mercure Perth
239
Strata Freehold
–
18 Feb 2010
A$36.2
A$45.7
Ibis Perth
192
Freehold
–
18 Feb 2010
A$21.6
A$32.0
MALDIVES
Angsana Velavaru
113 50-year leasehold interest
commencing 26 Aug 1997
32 years 31 Jan 2013 US$71.0 US$78.0
Jumeirah Dhevanafushi
37
50-year leasehold interest
commencing 15 Jun 2006
40 years 31 Dec 2013 US$59.6 US$57.0
JAPAN
Hotel MyStays Asakusabashi
138
Freehold
–
19 Dec 2014
¥3,200
¥3,720
Hotel MyStays Kamata
116
Freehold
–
19 Dec 2014
¥2,600
¥3,070
UNITED KINGDOM
Hilton Cambridge
City Centre
198 125-year leasehold interest
commencing 25 Dec 1990
100 years
(2)
1 Oct 2015
£61.5
£61.5
(1)
All properties, excluding the UK Hotel, were valued as at 31 December 2015. The UK Hotel, which was acquired on 1 October 2015, was valued
by Knight Frank LLP as at 25 August 2015.
(2)
The lease term may be extended for a further term of 50 years pursuant to lessee’s (CDLHT) option to renew under the lease granted by the
head lessor (Cambridge City Council).
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