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CONTENTS
OVERVIEW AND FINANCIAL REVIEW
Overview of CDL Hospitality Trusts
02
Chairman’s Statement
06
Financial Highlights
10
Portfolio Summary of CDL Hospitality Trusts
12
Year in Review
20
MARKET REVIEW
Singapore
28
Australia
30
New Zealand
32
Maldives
33
Japan
34
United Kingdom
35
LEADERSHIP STRUCTURE
Board of Directors
36
Management Team Reporting Structure
39
Management Team
40
PROPERTY PORTFOLIO
• Orchard Hotel, Singapore
44
• Grand Copthorne Waterfront Hotel, Singapore
46
• M Hotel, Singapore
48
• Copthorne King’s Hotel, Singapore
50
• Studio M Hotel, Singapore
52
• Novotel Singapore Clarke Quay, Singapore
54
• Claymore Connect, Singapore
56
• Novotel, Mercure & Ibis Brisbane, Australia
58
• Mercure & Ibis Perth, Australia
60
• Grand Millennium Auckland, New Zealand
62
• Angsana Velavaru, Maldives
64
• Jumeirah Dhevanafushi, Maldives
66
• Hotel MyStays Asakusabashi & MyStays Kamata, Japan
68
• Hilton Cambridge City Centre, United Kingdom
70
REPORTS
Corporate Governance
72
Statement of Policies and Practices of HBT
94
Sustainability Reporting
100
Financial Statements
103
Statistics of Stapled Securities Holdings
195
Interested Person Transactions
197
Glossary
198
Notice of Annual General Meetings
201
CDL Hospitality Trusts ("
CDLHT
")
is one of Asia’s leading hospitality
trusts with assets valued at S$2.4
billion. It owns 15 hotels in Singapore,
Australia, New Zealand, Japan and
United Kingdom, two resorts in
Maldives, as well as a retail mall in
Singapore. The substantial value of its
assets are situated in central locations
within Singapore. All the hotels are
well located within key cities while the
two resorts are located in Maldives, a
top-tier destination for luxury tourism.
The properties comprise a total of
4,912 rooms and are operated by
master lessees and hotel managers,
which include reputable and/or
international hotel chains such as
Millennium Hotels and Resorts,
AccorHotels, Hotel MyStays, Hilton
Hotels and Resorts, Banyan Tree
Hotels & Resorts, Jumeirah Resorts &
Hotels.
CDLHT is a stapled group comprising
CDLHospitality Real Estate Investment
Trust ("
H-REIT
"), the first hotel real
estate investment trust in Singapore,
and CDL Hospitality Business Trust
("
HBT
"), a business trust. CDLHT was
listed on the Main Board of Singapore
Exchange Securities Trading Limited
on 19 July 2006 and has a market
capitalisation of approximately S$1.3
billion as at 31 December 2016.