CDLHT declares 3.13¢ DPS for Q4, eyes more Japan assets
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Singapore
CDL Hospitality Trust (CDLHT), which on Wednesday posted a 7.2 per cent rise in distribution per stapled security (DPS) to 3.13 cents for the fourth quarter ended Dec 31, 2014, is eyeing more hotel assets in Japan following the acquisition of its first two hotels there last month.
"We are interested in more investments in Japan," the trust manager's chief executive officer, Vincent Yeo, said at a press briefing. "The issue is everyone's expectations on Japan have been heightened and the key is being able to look for good bargains in this environment."
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