Langham Hospitality’s Rising Property Management Costs

Langham Hospitality Investments (HK:1270) has released an update.

Langham Hospitality Investments has announced a series of continuing connected transactions involving property management services provided by KPMS for Cordis, Hong Kong’s common areas. The transactions are subject to reporting and annual review due to annual caps exceeding HK$3 million, yet do not require independent shareholder approval. Historical fees paid to KPMS were below the threshold, but anticipated fees for 2024 to 2026 are set to increase, with annual caps up to HK$4 million, considering inflation and maintenance works.

For further insights into HK:1270 stock, check out TipRanks’ Stock Analysis page.