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CDL Hospitality Trusts ( (SG:J85) ) has shared an update.
CDL Hospitality Trusts announced that City Hotels Pte. Ltd., Harbour View Hotel Pte. Ltd., and Republic Hotels & Resorts Limited have expressed their intention to renew the master lease agreements for several hotels in Singapore, including Orchard Hotel Singapore and M Hotel Singapore City Centre. The renewal will extend the lease agreements for an additional 20 years starting from July 2026, which could provide long-term stability and continuity for CDL Hospitality Trusts’ operations and strengthen its position in the hospitality industry.
More about CDL Hospitality Trusts
CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, both constituted under the laws of the Republic of Singapore. The company operates in the real estate investment sector, focusing on hospitality assets, and manages a portfolio of hotels and resorts.
YTD Price Performance: -2.95%
Average Trading Volume: 183
Technical Sentiment Signal: Buy
Current Market Cap: $752M
For a thorough assessment of J85 stock, go to TipRanks’ Stock Analysis page.