CDL Hospitality Trusts to sell two Brisbane hotels for $80m

CDL Hospitality Trusts is selling the Mercure Brisbane and Ibis Brisbane for A$77 million (S$80 million), the stapled group announced yesterday. The sale price represents an exit yield of 5.3 per cent on the fixed rental, a 43.4 per cent premium over the A$53.7 million original purchase price and a 10 perĀ …
Source: Hospitality News

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