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CDL Hospitality Trusts enters Japan, acquires two hotels

Acquisition of Hotel MyStays Asakusabashi and Hotel MyStays Kamata to cost 6b yen

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Mr Yeo says the acquisitions will benefit from the growth trajectory of Tokyo's hospitality market in the lead-up to Olympics.

Singapore

CDL Hospitality Trusts (CDLHT) is making its foray into Japan by acquiring two hotels at a total cost of six billion yen (S$66.3 million).

CDLHT - a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality Business Trust (HBT) -

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