Publications

- November 1, 2015: Vol. 7, Number 10

To read this full article you need to be subscribed to Institutional Real Estate Asia Pacific

S-REIT invests in UK hotel market

by Andrea Waitrovich

Singaporean REIT CDL Hospitality Trusts has made its first investment in Europe, acquiring the 198-room Cambridge City Hotel (pictured) in the United Kingdom from London & Regional Group Trading No 3. The sales price was £61.5 million (US$94.5 million), and the deal was made through indirect wholly-owned subsidiary CDL HBT Cambridge City.

The hotel is located in the city center of Cambridge, England. In April, the property completed an £8.2 million (US$12.6 million) refurbishment, of its public areas and all 198 rooms.

The outlook for UK hospitality investment continues to be strong, with international tourist arrivals expected to hit a record 35.1 million in 2015, according to VisitBritain’s 2015 forecast.

Cambridge is a primary tourist destination in the United Kingdom. According to Knight Frank, Cambridge is one of the strongest hospitality markets in the kingdom.

The acquisition represents a diversification of CDL Hospitality’s portfolio fro

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy