Including stamp duty and fees, the total acquisition costs stands at GBP53.8 million.
SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of $1.75, translating to 13% capital upside and 6.4% yield.
This comes after last week’s announcement the manager is buying The Lowry Hotel in Manchester for GBP52.9 million ($94.7 million) and on a 7.3% proforma FY16 NPI yield.
