CDL Hospitality Trusts (SG:J85) has released an update.
CDL Hospitality Trusts has announced its acquisition of the Hotel Indigo Exeter in the UK for £19.4 million, a price notably below replacement cost. The upscale lifestyle boutique hotel, located in Exeter’s prime city center, is expected to enhance CDLHT’s portfolio and provide accretive value once stabilized. This strategic move marks CDLHT’s expanding presence in the UK hospitality market.
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