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.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
OUE Reit selling Crowne Plaza Changi Airport for S$500 million; unitholders to get special payout
Singapore releases Economic Strategy Review Final Report with more detailed proposals
Frasers Property proposes S$2.1 billion restructuring of hospitality portfolio