AcquisitionProposing the acquisition of Hotel Indigo Exeter for GBP 19.4mn, below replacement costs.
Hospitality Sector PerformanceCDLHT continues to be one of the top hospitality S-REITs to benefit and ride on record-high RevPARs in Singapore, with hotels in prime locations, and is well positioned within both the leisure and corporate travel segments in Singapore.
Organic GrowthOverall, the organic growth outlook remains strong, underpinning a c.10% two-year CAGR in DPU on the back of the resumption of travel demand.