Brief: Hotel Property Investments Says Strategic Asset Sales And Capital Investment Program

Hotel Property Investments

22/03/2024 01:29

March 22 (Reuters) - Hotel Property Investments
 HPI.AX :
    * STRATEGIC ASSET SALES AND CAPITAL INVESTMENT PROGRAM
    * DEAL FOR A$48.6 MILLION
    * ENTERED INTO BINDING DOCUMENTATION TO SELL FOUR ASSETS TO
AUSTRALIAN VENUE CO
    * PROCEEDS FROM ASSET SALES TO BE ALLOCATED TO CAPITAL
INVESTMENT
PROGRAM
    * DEALS WITH AUSTRALIAN VENUE TO INVEST UP TO A$50 MILLION
TO
ENHANCE VENUES IN PORTFOLIO
    * MAINTAINS FY24 DISTRIBUTION GUIDANCE OF 19.0 AU CENTS PER
SECURITY
    * SEES FURTHER A$26.3 MILLION INVESTMENT IN OTHER ASSETS
ACROSS
CO'S PORTFOLIO

Further company coverage:  HPI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))