CDL Hospitality Trusts (J85)

Overview

CDL Hospitality Trusts (“CDLHT”) represents a significant presence in the Asian hospitality sector, boasting assets under management valued at approximately S$3.3 billion as of 31 December 2023. It operates as a stapled group combining the functionalities and operations of two distinct entities: CDL Hospitality Real Estate Investment Trust (“H-REIT”) and CDL Hospitality Business Trust (“HBT”). Since its initial public offering on the Singapore Exchange Securities Trading Limited on 19 July 2006, CDLHT has established itself as a key player, with H-REIT being recognized as Singapore's first hotel real estate investment trust. The management and trustee-manager roles are adeptly handled by M&C REIT Management Limited and M&C Business Trust Management Limited, respectively, for H-REIT and HBT. This dual structure allows CDLHT to leverage the strengths of both a real estate investment trust and a business trust, thereby providing a robust platform for growth and investment in the hospitality sector across Asia.

Products and Services

• CDL Hospitality Real Estate Investment Trust (H-REIT)

  H-REIT is a fundamental component of CDLHT, specializing in the investment and management of a diverse portfolio of hospitality and hospitality-related real estate. This includes hotels and resorts, creating a solid foundation for income generation and asset growth through strategic acquisitions, asset enhancement initiatives, and effective property management practices. As Singapore’s first hotel REIT, it enables investors to gain exposure to the robust hospitality market through direct investments into real estate assets.

• CDL Hospitality Business Trust (HBT)

  HBT operates as the business trust part of CDLHT, focusing on owning the business or income-generating assets of the hospitality sector. It complements H-REIT by engaging in investments that might not strictly fall under real estate but are crucial for the operational aspect of hospitality services, such as operating rights, trademarks, or intellectual properties associated with the hospitality industry. This allows for a more comprehensive investment strategy that encompasses both the physical and operational sides of the hospitality market.