CDL HTrust J85

Background

CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real
Estate Investment Trust (“H-REIT”), a real estate investment trust and CDL
Hospitality Business Trust (“HBT”), a business trust.
H-REIT, the first hotel real estate investment trust (“REIT”) in Singapore, is
established with the principal investment strategy of investing, directly or
indirectly, in a diversified portfolio of income-producing real estate which is
primarily used for hospitality and/or hospitality-related purposes, whether
wholly or partially, and real estate-related assets in relation to the
foregoing.
The initial asset portfolio of H-REIT, as at the Listing Date, comprises
Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel and Copthorne King’s
Hotel, all of which are located in Singapore and marketed as “superior” hotels,
with a total of over 1,900 rooms as at 9 June 2006, as well as Orchard Hotel
Shopping Arcade, the shopping arcade adjoining Orchard Hotel. Orchard Hotel
Shopping Arcade is included in H-REIT’s portfolio as it is complementary to the
guest facilities at the Orchard Hotel, providing shopping and leisure
facilities to hotel guests.
HBT is a business trust which will be dormant at at Listing Date. It exists
primarily as “a master lessee of last resort” and will become active if H-REIT
is unable to appoint a master lessee for any of the Hotels in its portfolio at
the expiry of the relevant master lease agreement or for a newly acquired
hotel. HBT may also become active if it undertakes certain hospitality and
hospitality-related development projects, acquisitions and investments which
may not be suitable for H-REIT.

SGX source · Source update: 08/18/2026 08:45:30 AM (timezone not specified). Source text may be historical.