130 / 212
PORTFOLIO STATEMENTS
REPORTS
As at 31 December 2016
The accompanying notes form an integral part of these financial statements.
The valuations adopted for the investment properties were as follows:
H-REIT Group
Stapled Group
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Investment properties
Orchard Hotel
424,000 449,000 424,000 449,000
Grand Copthorne Waterfront Hotel
348,000 351,000 348,000 351,000
Novotel Singapore Clarke Quay
319,000 319,000 319,000 319,000
M Hotel
234,000 235,000 234,000 235,000
Studio M Hotel
153,000 159,000 153,000 159,000
Copthorne King’s Hotel
116,000 121,000 116,000 121,000
Claymore Connect
90,000 106,000 90,000 106,000
Grand Millennium Auckland
177,832 113,525 177,832 113,525
Mercure Brisbane and Ibis Brisbane
64,815 63,534 64,815 63,534
Novotel Brisbane
71,087 69,795 71,087 69,795
Ibis Perth
33,453 32,845 33,453 32,845
Mercure Perth
48,088 46,906 48,088 46,906
Angsana Velavaru
95,733 110,059 95,733 110,059
Jumeirah Dhevanafushi
71,800 80,427
–
–
2,246,808 2,257,091 2,175,008 2,176,664
The fair values of property, plant and equipment and prepaid land lease relating to the following properties were
as follows:
H-REIT Group
Stapled Group
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Property, plant and equipment and prepaid land lease
Jumeirah Dhevanafushi
–
–
71,800 80,427
Hotel MyStays Asakusabashi
46,917 43,598 46,917 43,598
Hotel MyStays Kamata
33,824 35,980 33,824 35,980
Hilton Cambridge City Centre
–
– 110,944 132,686
80,741 79,578 263,485 292,691
128