OVERVIEW AND
FINANCIAL REVIEW
OVERVIEW AND FINANCIAL REVIEW
Upside Opportunity from Rebranding and Potential Expansion
The recent rebranding of the Cambridge hotel on 15 December 2015 to the Hilton Cambridge City Centre should augment
the trading performance as the hotel benefits from the management expertise and distribution strength of the international
operator. There are also opportunities for the hotel to progressively expand its meeting facilities as it grows its meeting
business and such an undertaking could potentially unlock more value from the property.
NURTURING FOR GROWTH
The Managers are continuously working with master lessees and hotel managers to enhance the quality of the assets under
management with a view to increase value and returns to Stapled Security Holders.
For the Singapore hotel portfolio, Grand Copthorne Waterfront Hotel is currently undergoing an extensive renovation to
refresh its lobby, add meeting room capacity and significantly augment its food and beverage offerings. The renovation
started in November 2015 and is expected to complete by end of 2016. At M Hotel, the room refurbishment which started
in March 2015 is scheduled for completion in the second half of 2016.
For its overseas hotel portfolio, Mercure Perth completed a refurbishment of its restaurant and bar in early part of 2015.
At Novotel Brisbane, the hotel's bar is currently undergoing a refurbishment and is expected to complete in early part of
2016. Over at Mercure Brisbane, the hotel is refurbishing the area outside the conference rooms into a unique event space
which can accommodate various types of exhibitions and trade shows. In Japan, the two hotels have undergone conversion
of some of its smoking rooms to non-smoking rooms to cater to the burgeoning demand from non-smoking guests in the
early part of 2016.
Artist’s Impression of lobby at Grand Copthorne Waterfront Hotel
Artist’s Impression of F&B outlet at
Grand Copthorne Waterfront Hotel
Restaurant (post-refurbishment), Mercure Perth
Bar (post-refurbishment), Mercure Perth
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Annual Report 2015
