The Lowry Hotel

Broker's Calls

This hospitality trust's operational outlook is attractive, but not its valuations: OCBC

SINGAPORE (May 3): OCBC Investment Research is maintaining its “hold” call on CDL Hospitality Trust with an unchanged fair value of $1.60 despite making adjustments after the announcement of its 1Q18 results, which came in below expectations at 22% of
Credit: Irish Times

Broker's Calls

CDL Hospitality Trusts gets a DPU kick from The Lowry

SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of $1.75, translating to 13% capital upside and 6.4% yield.

Property

CDL Hospitality Trusts buys The Lowry Hotel in Manchester for $95 mil

SINGAPORE (May 4): The trustee managers of CDL Hospitality Trusts have acquired The Lowry Hotel in Manchester city centre, the UK, for a consideration of £52.9 million ($94.7 million).
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