See also: CDL Hospitality Trusts reports 63.7% plunge in 1H20 DPS of 1.51 cents
CDL Hospitality Trusts (CDLHT) has entered into a sale of agreement for the sale of Novotel Brisbane to ADFA Brisbane for A$67.9 million ($66.4 million).
According to CDLHT, the divestment is “in line with” its strategy of evaluating divestment opportunities to recycle capital for better returns and greater financial flexibility.
