Brief: CDL Hospitality Trusts says unit entered into share purchase agreement
04/05/2017 13:42
May 4 (Reuters) - CDL Hospitality Trusts CDLT.SI :
* Acquisition of a 5-star luxury hotel which is located in
proximity to heart of Manchester city centre
* Property price of £52.5 million with a net property income
yield of 7.3% for fy 2016
* Acquisition will be fully funded initially by
GBP-denominated debt by HBT
* Acquisition to be DPS accretive of 2.7%
* Upon completion of acquisition, target continues to hold
and operate property
* Unit entered into share purchase agreement & acquired 100%
of issued share capital of Lowry hotel
Source text for Eikon: ID:nSN5cYG11
Further company coverage: CDLT.SI
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