Brief: CDL Hospitality Trusts enters deal to buy 94.5% interest in Pullman Hotel

CDL Hospitality Trusts

27/06/2017 10:56

June 27 (Reuters) - CDL Hospitality Trusts  CDLT.SI  
    * Acquisition And Lease Of Pullman Hotel Munich In Germany 
    * DBS Trustee Limited through unit entered into a share 
purchase agreement 
    * Purchase consideration for acquisition EUR 100.6 million 
    * Share purchase agreement for acquisition of an effective 
interest of 94.5 pct in Pullman Hotel Munich 
    * Acquisition accretive to stapled security holders based on 
pro forma financial effects of acquisition on distribution per 
stapled security of CDLHT 
    * Total acquisition cost will initially be fully-funded 
through 100.0 pct offshore debt financing through H-REIT's loan 
facility 
 
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