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02-03-2011, 09:05 AM
CDL HOSPITALITY TRUSTS PROPOSES TO ACQUIRE STUDIO M HOTEL SINGAPORE
• Purchase Consideration values Studio M Hotel at S$154.0 million or approximately S$428,000 per key
• Hotel achieved impressive occupancy of 88.9% in 2010 despite only operating for seven full months
• Well-located property with contemporary design set to capture growing business and leisure segments in Singapore’s burgeoning tourism and hospitality industry
• Broadens earnings base, enhances overall portfolio stability and returns to Stapled Security Holders
http://info.sgx.com/webcoranncatth.nsf/V...6007C61B8/$file/Proposed_Acquisition_StudioM_PressRelease.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...6007C3F82/$file/Proposed_Acquisition_StudioM_Announcement.pdf?openelement [SGX Announcement]
http://info.sgx.com/webcoranncatth.nsf/V...6007C522E/$file/Proposed_Acquisition_StudioM_PresentationSlides.pdf?openelement [PPT Slides]
• Purchase Consideration values Studio M Hotel at S$154.0 million or approximately S$428,000 per key
• Hotel achieved impressive occupancy of 88.9% in 2010 despite only operating for seven full months
• Well-located property with contemporary design set to capture growing business and leisure segments in Singapore’s burgeoning tourism and hospitality industry
• Broadens earnings base, enhances overall portfolio stability and returns to Stapled Security Holders
http://info.sgx.com/webcoranncatth.nsf/V...6007C61B8/$file/Proposed_Acquisition_StudioM_PressRelease.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...6007C3F82/$file/Proposed_Acquisition_StudioM_Announcement.pdf?openelement [SGX Announcement]
http://info.sgx.com/webcoranncatth.nsf/V...6007C522E/$file/Proposed_Acquisition_StudioM_PresentationSlides.pdf?openelement [PPT Slides]
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