CDL Hospitality Trusts eyes Europe for more acquisitions

Singapore

CDL Hospitality Trusts, whose most recently acquired properties in Tokyo and Cambridge helped to mitigate lower income from its other properties in the fourth quarter, is on the lookout for more hotels in city centres in the United Kingdom, Holland, Germany, Spain and Ireland.

In Europe, the euro is now at an "interesting entry point" from the asset value and currency perspective, said Vincent Yeo, CEO of the managers of CDLHT.

"Currently, there are more opportunities of hotels for sale outside of Singapore. The Singapore hotel market is still very tightly held; sellers still have very high expectations," he said on Thursda…