The purchase consideration is in line with the hotel’s independent by Knight Frank, and lower than the valuation by Colliers.
SINGAPORE (Nov 21): The managers of CDL Hospitality Trusts (CDLHT) is looking to acquire the 240-room W Singapore – Sentosa Cove for $324.0 million.
The purchase consideration represents a 3.1% net property income (NPI) yield. On a pro forma FY2018 basis, the proposed acquisition is expected to result in a 0.9% DPS accretion, the manager says in a filing on Thursday.
