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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

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


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) -