Brief: CDL Hospitality Trusts Says Expects Significant Drop In Underlying Performance Of Its Hotels
09/04/2020 11:36
April 9 (Reuters) - CDL Hospitality Trusts CDLT.SI :
* CDLHT EXPECTS A SIGNIFICANT DROP IN UNDERLYING PERFORMANCE
OF
ITS HOTELS
* EXPECTS FINANCIAL PERFORMANCE FOR Q1 ENDED 31 MARCH 2020
AND Q2
ENDING 30 JUNE 2020 TO BE ADVERSELY AFFECTED
* EXTENDED OPERATIONS OF NOVOTEL SINGAPORE CLARKE QUAY BY
ANOTHER
THREE MONTHS DUE TO DEMAND FOR ACCOMMODATION
* NOVOTEL SINGAPORE CLARKE QUAY EXPECTED TO CEASE OPERATIONS
IN
EARLY JULY 2020
* IN SINGAPORE, CO'S HOTELS CONTINUE TO REMAIN OPERATIONAL
WITH
ALL ON-SITE RECREATIONAL FACILITIES BEING CLOSED UNTIL 4 MAY
Source text for Eikon: ID:nSN8nYN05
Further company coverage: CDLT.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on CDL Hospitality Trusts
See all newsBrief: CDL Hospitality Trusts Announces Termination Of S$1 Billion Multicurrency Medium Term Note Programme
Singapore's CDL Hospitality Trusts H1 revenue, net property income rise
Brief: CDL Hospitality Trusts Says Issue Of S$100 Million 4.00 Per Cent. Subordinated Perpetual Securities
Brief: CDL Hospitality Trusts Posts FY Revenue Of SGD 267.6 Million
Brief: CDL Hospitality Trusts Prices S$150 Mln 3.70% Subordinated Perpetual Securities Under Multicurrency Debt Issuance Programme