Hotel Cerretani Florence

CDL Hospitality Trusts 4Q DPS falls 2.1% to 2.77 cents on divestment impact & ongoing AEI
SINGAPORE (Jan 29): The managers of CDL Hospitality Trusts (CDL HT), a stapled group comprising CDL REIT and CDL Hospitality Business Trust, posted a 2.1% decline in 4Q18 distribution per stapled security (DPS) to 2.77 cents from 2.83 cents a year ago. This was mainly due to the absence of contribution from three properties, specifically two Brisbane hotels divested in Jan 2018, as well as ...
CDL Hospitality Trusts kept at 'add' on acquisition of Florence hotel
SINGAPORE (Nov 19): CGS-CIMB Securities is maintaining CDL Hospitality Trusts (CDLHT) at “add” given the acquisition of Hotel Cerretani Florence will be DPU-accretive and provide the REIT exposure to the historic city of Florence, which ranks among Italy’s most visited cities. In a Monday report, analyst Eing Kar Mei says the city also has a vibrant exhibition and fair calendar, which ...