CDL Hospitality Trusts (CDLHT) has entered into a sale of agreement for the sale of Novotel Brisbane to ADFA Brisbane for A$67.9 million ($66.4 million).

According to CDLHT, the divestment is “in line with” its strategy of evaluating divestment opportunities to recycle capital for better returns and greater financial flexibility.

See also: CDL Hospitality Trusts reports 63.7% plunge in 1H20 DPS of 1.51 cents

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