Brief: CDL Hospitality Trusts announces proposed divestment of Mercure Brisbane and Ibis Brisbane
22/12/2017 04:21
Dec 22 (Reuters) - CDL Hospitality Trusts CDLT.SI :
* Announces proposed divestment of Mercure Brisbane and
Ibis
Brisbane for A$77.0 million
* CDLHT's managers intend to utilise proceeds from
divestment
mainly to repay existing borrowings
* Co to sell Mercure Brisbane and Ibis Brisbane to CR Hotel
Target Pty Ltd, an independent third party purchaser
Source text for Eikon: urn:newsml:reuters.com:*:nSNZc1JhK6
Further company coverage: CDLT.SI
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