Presentation of 3Q 2011 Results 25 October 2011

Document Sample
Presentation of 3Q 2011 Results 25 October 2011 Powered By Docstoc
					Presentation of 3Q 2011 Results
       25 October 2011
Disclaimer

The value of Stapled Securities and the income derived from them may fall as well as rise. Stapled Securities are not obligations of,
deposits in, or guaranteed by the H-REIT Manager or M&C Business Trust Management Limited, as trustee of CDL Hospitality Business
Trust (the “HBT Trustee-Manager”), or any of their respective affiliates.
An investment in Stapled Securities is subject to investment risks, including the possible loss of the principal amount invested. Investors
have no right to request that the H-REIT Manager and/or the HBT Trustee-Manager redeem or purchase their Stapled Securities while the
Stapled Securities are listed. It is intended that holders of the Stapled Securities may only deal in their Stapled Securities through trading
on Singapore Exchange Securities Trading Limited (the “SGX-ST”). Listing of the Stapled Securities on the SGX-ST does not guarantee a
liquid market for the Stapled Securities.
This presentation contains certain tables and other statistical analyses (the "Statistical Information") which have been prepared by the H-
REIT Manager and the HBT Trustee-Manager. Numerous assumptions were used in preparing the Statistical Information, which may or
may not be reflected herein. As such, no assurance can be given as to the Statistical Information’s accuracy, appropriateness or
completeness in any particular context, nor as to whether the Statistical Information and/or the assumptions upon which they are based
reflect present market conditions or future market performance. The Statistical Information should not be construed as either projections or
predictions or as legal, tax, financial or accounting advice.
Market data and certain industry forecasts used throughout this presentation were obtained from internal surveys, market research,
publicly available information and industry publications. Industry publications generally state that the information that they contain has
been obtained from sources believed to be reliable but that the accuracy and completeness of that information is not guaranteed. Similarly,
internal surveys, industry forecasts and market research, while believed to be reliable, have not been independently verified by the H-REIT
Manager or the HBT Trustee-Manager and neither the H-REIT Manager or the HBT Trustee-Manager makes any representations as to the
accuracy or completeness of such information.
This document may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance,
outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks,
uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic
conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in
expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee
wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and
the terms necessary to support future business.
You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management
on future events.
This document and its contents shall not be disclosed without the prior written permission of the H-REIT Manager or HBT Trustee-
Manager.

                                                                                                                                                 2
Table of Contents


  Highlights                                                 4
  Performance of CDL Hospitality Trusts                      9
  Healthy Financial Position                                16
  Outlook                                                   19
  Management Strategy                                       28
  Annexe                                                    31
       Background and Structure of CDL Hospitality Trusts   31
       Information on CDL Hospitality Trusts Properties     43




                                                                 3
Highlights




             4
      Executive Summary                                                    1



                                            9.9% increase year-on-year (“y-o-y”) in income available for distribution for 3Q 2011
                                            Mainly attributed to:
                                                 Improved hospitality performance across portfolio; and
                                                 Contribution from the recently acquired Studio M Hotel (1), which accounted for
                                                 approximately S$2.7 million of the net property income increase

      Financial
                                                                                                                           CDL-HT Financial Highlights (S$’000)
      Highlights
                                                                                                                               3Q ’11     3Q ’10      Change
      (3Q 2011)
                                              Gross Revenue                                                                    36,433     31,634      +15.2 %


                                              Net Property Income                                                              33,985     30,159      +12.7 %


                                              Income Available for Distribution (2)
                                                                                                                               29,607     26,938       +9.9%
                                              (bef. deducting income retained for working capital)




(1)   The acquisition of Studio M Hotel was completed on 3 May 2011.
(2)   Income available for distribution (after deducting income retained for working capital) for 3Q 2011 is S$26.6 million.                                      5
      Executive Summary                                                2



                                          19.2% y-o-y increase in income available for distribution for YTD Sep 2011
                                          Mainly attributed to:
                                              Organic growth across Singapore portfolio;
                                              Contribution from Studio M Hotel (1);
                                              One-off S$3.3 million property tax refund (2); and
      Financial                               Recording of additional variable income of S$0.84 million from the Australia Hotels (3)
      Highlights
                                                                                                                    CDL-HT Financial Highlights (S$’000)
       (YTD Sep
                                                                                                                  YTD Sep ’11          YTD Sep ’10           Change
         2011)
                                            Gross Revenue                                                            103,303               88,952            +16.1 %

                                            Net Property Income                                                       99,690               83,576            +19.3 %

                                            Income Available for Distribution (4)
                                                                                                                      86,613               72,642            +19.2%
                                            (bef. deducting income retained for working capital)



(1)   The acquisition of Studio M Hotel was completed on 3 May 2011.
(2)   One-off property tax refund of about S$3.3 million arose following the finalisation of property tax assessments for years 2006 to 2008. For more details, please refer to
      Section 1(a), footnote (b) on page 6 of the unaudited financial statements announcement for the third quarter and nine months ended 30 September 2011.
(3)   The acquisition of the Australia Hotels, comprising Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure Perth and Ibis Perth hotels, was completed on 18 February
      2010. The additional variable income was recognised upon receipt in 1Q 2011.
(4)   Income available for distribution (after deducting income retained for working capital) for YTD Sep 2011 is S$78.0 million.                                                 6
      Executive Summary                                                3


                                          Singapore Hotels (1) achieved RevPAR of S$211 in 3Q 2011, the second highest
                                          RevPAR recorded in a quarter since the inception of CDL-HT
                                          This is despite the weakness in business travel in August due to more public holidays
                                          compared to the same month last year and the slowdown of travel from the western
                                          hemisphere due to the summer holidays

      Singapore                           Studio M Hotel achieved RevPAR of S$173 in 3Q 2011, a 13.6% growth y-o-y
       Portfolio                                                                          CDL-HT Singapore Hotels (1)

                                                                   3Q ’11          3Q ’10         Change            YTD Sep ’11          YTD Sep ’10         Change

                                            Occupancy              89.5%           91.6%           (2.1) pp            87.8%                 88.1%           (0.3) pp

                                            ARR                    S$236           S$217           +8.7%               S$232                S$215             +7.9%

                                            RevPAR                 S$211           S$199           +6.2%               S$204                S$190             +7.5%




                                          CDL-HT’s Australia Hotels (2) continued to perform strongly in 3Q 2011
       Australia
       Portfolio                          Performance is bolstered by the buoyant natural resource sector and static supply of
                                          hotel rooms


(1)   Singapore Hotels comprise Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel, Novotel Clarke Quay and Studio M Hotel. For comparative
      purposes, Studio M Hotel was excluded as it was acquired on 3 May 2011.
(2)   The acquisition of the Australia Hotels, comprising Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure Perth and Ibis Perth hotels, was completed on 18 February 2010.   7
Executive Summary            4



           Completion of refurbishment of Orchard Hotel’s 331-room Claymore Wing
           Enhancement works to be done to 88 remaining rooms at Novotel Clarke Quay in late
           December 2011

                       Orchard Hotel                          Novotel Clarke Quay

 Asset
Enhance-
  ment




                                                                                               8
Performance of CDL Hospitality Trusts




                                        9
      Singapore Hotels Y-o-Y Performance:
      3Q ’10 Vs 3Q ’11
                   Average Room Rate (ARR) (1)
                                                                        Singapore Hotels(1) achieved RevPAR of S$211
          S$                                                            in 3Q 2011, the second highest recorded in a
                                        +8.7%                           quarter since the inception of CDL-HT
         250                                              236
                                                                        This is despite the weakness in business travel in
         225                217                                         August due to:
                                                                              Three public holidays in August 2011 compared to one
         200                                                                  in the same month last year

         175                                                                  Usual slowdown of travel from the western hemisphere
                                                                              due to summer holidays
         150
                           3Q '10                       3Q '11

                               Occupancy (1)                            Revenue Per Available Room (RevPAR) (1)

                                        -2.1pp                          S$
       100%
                                                                        250                       +6.2%
                            91.6%
                                                          89.5%
         90%                                                            225                                      211
                                                                                         199
                                                                        200
         80%
                                                                        175
         70%                                                            150
                           3Q '10                        3Q '11                         3Q '10                  3Q '11
(1)   Excludes Studio M Hotel, which was only acquired on 3 May 2011.                                                                10
      Singapore Hotels Y-o-Y Performance:
      YTD Sep ’10 Vs YTD Sep ’11
                   Average Room Rate (ARR) (1)                           Revenue Per Available Room (RevPAR) (1)

          S$
                                        +7.9%
         250                                                            S$
                                                          232
                            215                                         250                   +7.5%
         225

         200                                                                                             204
         175                                                            200         190

         150
                       YTD Sep '10                  YTD Sep '11
                                                                        150
                               Occupancy (1)

       100%                             -0.3pp                          100


         90%                88.1%                         87.8%

                                                                        50
         80%


         70%                                                             0
                       YTD Sep '10                  YTD Sep '11                 YTD Sep '10           YTD Sep '11

(1)   Excludes Studio M Hotel, which was only acquired on 3 May 2011.                                               11
      CDL-HT Y-o-Y Performance:
      3Q ’10 Vs 3Q ’11
                                Gross Revenue                                                        Income Available For Distribution Per Unit (1)

       S$ '000                                                                                     S$ cents
                                          +15.2%
         40,000
                                                            36,433                                    3.50                                  +9.6%

                              31,634
                                                                                                                                                               3.08
         30,000
                                                                                                      3.00
                                                                                                                             2.81

         20,000
                               3Q '10                        3Q '11                                   2.50

                            Net Property Income

      S$ '000                                                                                         2.00
        40,000                            +12.7%
                                                            33,985
                              30,159                                                                  1.50
        30,000



        20,000                                                                                        1.00
                              3Q '10                        3Q '11
                                                                                                                            3Q '10                           3Q '11
(1)   Represents income available for distribution per Stapled Security (before deducting income retained for working capital). The income available for distribution per Stapled
      Security (after deducting income retained for working capital) for 3Q 2011 is 2.77 Singapore cents.                                                                           12
      CDL-HT Y-o-Y Performance:
      YTD Sep ’10 Vs YTD Sep ’11
                                Gross Revenue                                                        Income Available For Distribution Per Unit (1)

      S$ '000                                                                                      S$ cents
                                           +16.1%
      120,000
                                                           103,303
                                                                                                      10.00                                  +9.1%
      100,000                88,952                                                                                                                             9.01
                                                                                                        9.00
        80,000
                                                                                                                               8.26
        60,000                                                                                          8.00
        40,000
                          YTD Sep '10                   YTD Sep '11                                     7.00

                            Net Property Income                                                         6.00

      S$ '000
                                          +19.3%                                                        5.00
      120,000
                                                            99,690
      100,000                                                                                           4.00
                             83,576
        80,000
                                                                                                        3.00
        60,000

        40,000                                                                                          2.00
                          YTD Sep '10                   YTD Sep '11
                                                                                                                        YTD Sep '10                      YTD Sep '11
(1)   Represents income available for distribution per Stapled Security (before deducting income retained for working capital). The income available for distribution per Stapled
      Security (after deducting income retained for working capital) for YTD Sep 2011 is 8.11 Singapore cents.                                                                      13
     Gross Revenue Diversified by Geography:
     3Q ’11
                                           Gross Revenue by Assets and Geography for 3Q 2011



         Overseas Portfolio                    18.5%                                        Singapore Portfolio      81.5%


         Australia                              12.2%                                       Singapore                81.5%
         Novotel Brisbane                         4.4%                                      Orchard Hotel            18.1%
         Mercure Brisbane                         2.2%                                      Grand Copthorne          16.9%
         Ibis Brisbane                            1.4%                                      Waterfront

         Mercure Perth                            2.5%                                      Novotel Clarke Quay      16.9%

         Ibis Perth                               1.6%                                      M Hotel                  11.2%
                                                                                            Studio M Hotel            7.8%

         New Zealand                              6.3%                                      Copthorne King’s Hotel    7.0%

         Rendezvous Auckland                      6.3%                                      Orchard Hotel Shopping    3.7%
                                                                                            Arcade




Note: The percentage composition of gross revenue may not add up to 100% due to rounding.                                    14
     Gross Revenue Diversified by Geography:
     YTD Sep ’11
                                       Gross Revenue by Assets and Geography for YTD Sep 2011



         Overseas Portfolio                     20.2%                                       Singapore Portfolio      79.8%


         Australia                               13.8%                                      Singapore                79.8%
         Novotel Brisbane                         4.9%                                      Orchard Hotel            19.2%
         Mercure Brisbane                         2.4%                                      Grand Copthorne          17.3%
                                                                                            Waterfront
         Ibis Brisbane                            1.7%
                                                                                            Novotel Clarke Quay      16.0%
         Mercure Perth                            2.9%
                                                                                            M Hotel                  11.6%
         Ibis Perth                               1.9%
                                                                                            Studio M Hotel            4.4%
                                                                                            Copthorne King’s Hotel    7.4%
         New Zealand                              6.5%
                                                                                            Orchard Hotel Shopping    3.8%
         Rendezvous Auckland                      6.5%
                                                                                            Arcade




Note: The percentage composition of gross revenue may not add up to 100% due to rounding.                                    15
Healthy Financial Position




                             16
      Healthy Balance Sheet

          Ample debt headroom for acquisition opportunities as they surface


                                Debt Value (1)                                                         Debt to Assets Ratio

        S$ m
                                                                                              30%
        600                  535                              532                                      26.3%              26.5%

        400


        200
                                                                                              20%
           0
                         30 Jun '11                       30 Sep '11


                                   Total Assets
       S$ m
                                                                                              10%
      2,500
                            2,034                             2,004
      2,000

      1,500
      1,000

        500                                                                                    0%
                         30 Jun '11                        30 Sep '11                                30 Jun '11          30 Sep '11

(1)   Debt value is defined as bank borrowings and medium term notes, both of which are unsecured.                                    17
      Debt Facility Details

                                Unsecured Debt Terms (1)                                                                           Credit Metrics


                                                S$200 million multi-currency                                       Fitch Issuer
       Revolving Credit                         committed revolving credit facility                               Default Rating                           BBB-
           Facility                             from two banks
                                                Tenure: 3-year term

                                                                                                                  Interest Cover                         9.3 x (2)
                                                S$413.6 million medium term
                                                notes issued under the S$1 billion
         Medium Term                            Multi-currency Medium Term Note
                                                                                                                 Debt to Assets                            26.5%
            Notes                               Programme
                                                                                                                     Ratio
                                                Tenure: 3-year (fixed and variable
                                                rate notes) and 5-year (floating
                                                rate notes)
                                                                                                              Weighted Average
                                                                                                                                                           2.6 years
                                                                                                               Debt to Maturity

           Acquisition                          S$300 million uncommitted multi-
            Facility                            currency bridging facility




(1)   The bridge loan which was utilised for the acquisition of Studio M Hotel was refinanced through the issuance of S$153.6 million MTN (both fixed and floating) in Aug 2011.
(2)   Interest cover is computed using the 3Q 2011 net property income divided by the total interest paid/ payable in 3Q 2011.                                                     18
Outlook




          19
  Sustained Momentum of Record-High Monthly
  Visitor Arrivals to Singapore for Last 21 Months
         Monthly visitor arrivals surged to record highs since December 2009
         August marked the seventh month in 2011 where visitor arrivals surpassed the one million mark
         YTD August visitor arrivals registered 15.5% y-o-y growth, outpacing the higher end of STB’s
         forecast growth range of 3.1% to 11.7% for 2011


                                                         Monthly Visitor Arrivals

       '000

     1,500

                                                                                1,274
     1,250                                                                              1,178
                                                1,103             1,080
                  1,056                 1,072             1,054
                               990                                                                                       1,127
     1,000                                                                      1,095
                                                                                        997                  979         971
                                                939        946     951                                 947         964
                   908                  929
                                                                                882
                               857                                                      845                  845   830
       750                                                                                             799
                   772                  791     779
                                                           726     750
                               690

       500
                  Jan         Feb       Mar     Apr       May      Jun          Jul     Aug            Sep   Oct   Nov   Dec

                                                  2009                   2010                   2011

Source: Singapore Tourism Board (STB)                                                                                            20
   Continued Strong Growth in Asian Arrivals

         Most of Singapore’s top 10 markets recorded robust growth in excess of 10% y-o-y growth for YTD
         August 2011
         Strength of regional economies have supported the growth in visitors from these countries


              Geographical Mix of Visitor Arrivals                              Top 10 Country of Origin
                       YTD Aug 2011                                          Y-o-Y Change for YTD Aug 2011

                        Others                                        Indonesia                  17.9%
                         25%
                                                        Indonesia     PR China                                        38.8%
                USA                                        19%
                3%
                                                                       Malaysia               13.4%
           Thailand
             4%                                                        Australia         10.2%

          Hong Kong                                                        India      5.5%
             4%                                           PR China
                                                            13%
                                                                     Philippines                              30.8%
                Japan
                 5%
                                                                         Japan                        21.3%
                                                      Malaysia
                  Philippines
                                                        8%           Hong Kong                            26.8%
                       5%
                                  India   Australia
                                   7%       7%                         Thailand                  16.9%

                                                                           USA        5.9%

          YTD Aug 2011 visitors arrivals: 8,806,599                            0.0%   10.0%    20.0%     30.0%    40.0%       50.0%


Source: Singapore Tourism Board                                                                                                       21
    STB Expects Strong Growth in Visitor Arrivals
         STB’s 2011F: 12 to 13 million visitors, after achieving a 20.2% y-o-y increase in 2010
         With 8.8 million visitors recorded for YTD August 2011 (15.5% y-o-y growth), Singapore appears on
         track to achieve the forecasted visitor arrivals for 2011

                                        Historical and Forecasted Visitor Arrivals in Singapore

     Thousands                                                                                             Expected 5-year
     18,000                                                                                                CAGR (1) = 7.9%      17,000


      15,000                                                           2nd 5-year CAGR (1) = 5.4%                   12,000 to
                                                                                                                    13,000
                         1st 5-year CAGR (1) = 3.1%
                                                                                                           11,639
      12,000
                                                                                   10,285 10,116
                                                                           9,751                   9,681
                                                               8,943                                                    8,807
       9,000 7,691                                     8,329
                          7,522    7,567                                                                      7,622
                                             6,127
       6,000


       3,000
                  2000      2001      2002      2003    2004        2005    2006     2007   2008    2009     2010      2011       2015
                              Sep 11 & SARS                                                  Sub-Prime

                                       Full Year Visitor Arrivals      YTD Aug Visitor Arrivals       STB’s Forecast

(1)     CAGR denotes compounded annual growth rate.
Source: Singapore Tourism Board (STB)                                                                                                    22
   Growth Momentum Sustained by Phased
   Introduction of More Attractions



        Marina Bay Sands                                   International Cruise Terminal          Gardens by the Bay                               Singapore Sports Hub

           Opened 2010, over S$6b                              Opening 2Q 2012, S$500m                Phase 1 (Bay South) opening in                  Opening 2014, S$2b
                                                                                                      Jun 2012, entire project over S$1b
           Nightclubs Pangaea and Avalon at the
           Crystal Pavilion opened in 3Q 2011



                         2010                                     2011                                    2012                                      2013+

        Sentosa Island                     Resorts World Sentosa                           River Safari                   Changi Motorsports Hub        National Art Gallery

           A themed splash-and-                   Opened 2010, S$6.6b                          Opening 2012,                  Opening 2012,                 Opening 2015,
           play zone targeted at                  Maritime Experiential Museum and             S$160m                         S$380m                        S$320m
           families with young kids               Aquarium opened in Oct 2011
           and beach-goers under                  Transformers ride, opening by
           construction at Palawan                Dec 2011
           Beach
                                                  Marine Life Park, opening 2H 2012




Note:        Timeline not drawn to scale. Completion / opening dates are preliminary indications as publicly announced and may be subject to change.
             Images courtesy of Marina Bay Sands, Singapore Tourism Board, Singapore Sports Council, Resorts World Sentosa, Wildlife Reserves Singapore
Sources:     Channel NewsAsia, MyPaper, Singapore Tourism Board, The Business Times, The Straits Times, TODAY, Wildlife Reserves Singapore, CDL-HT Research                    23
      Structural Boost in Demand for Accommodations
          CDL-HT Singapore Hotels achieved consistently high quarterly average occupancy rate of >85%
          since 2Q 2010


                                     CDL-HT Singapore Hotels Quarterly Occupancy Comparison (1)

         95%
                                                                                                                 92%
                                                                                                90%                    89%                            90%
         90%                                                                88% 88%                                                89%         89%
                                                               87%
                                              86%        86%                                               86%
                                                                                                    86%
                    85% 84%             84%
         85%                                                                                                                             84%



         80%

                                                                      75%
                                 75%
         75%



         70%
                                  1Q                                   2Q                                  3Q                                   4Q
                                                      2007             2008              2009             2010              2011

(1)   Singapore Hotels comprise Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel, Novotel Clarke Quay and Studio M Hotel. For comparative
      purposes, Studio M Hotel was excluded as it was acquired on 3 May 2011.                                                                                               24
      Structural Boost to Continue in 2011
          CDL-HT Singapore Hotels achieved the second highest quarterly RevPAR from the structural
          boost in the tourism landscape


                                    CDL-HT Singapore Hotels Quarterly Occupancy, ARR & RevPAR (1)

                                                                                                                                                                              S$
        100%                                                                                                                                                                  300
                                                            255
                                                    247             245
                                                                                                                                              232 236
          90%
                                            216
                                                                             224                                              220 217 215 228                                 250
                                                                                     201                             207
                            197 196
          80%      179                                      222                              178 176 181                                                                      200
                                                    208             210                                                                                       205 211
                                            191                              188                                              195 199 194 195
          70%               170 176                                                                          161
                                                                                                                     174                                                      150
                   151                                                               150             152
                                                                                             134
          60%                                                                                                                                                                 100

          50%                                                                                                                                                                 50
                   85% 86% 90% 89% 84% 87% 86% 84% 75% 75% 86% 89% 84% 88% 92% 90% 86% 88% 89%
          40%                                                                                                                                                                 0
                    1Q'07

                            2Q'07

                                    3Q'07

                                            4Q'07

                                                    1Q'08

                                                            2Q'08

                                                                    3Q'08

                                                                             4Q'08

                                                                                     1Q'09

                                                                                             2Q'09

                                                                                                     3Q'09

                                                                                                             4Q'09

                                                                                                                      1Q'10

                                                                                                                              2Q'10

                                                                                                                                      3Q'10

                                                                                                                                              4Q'10

                                                                                                                                                      1Q'11

                                                                                                                                                              2Q'11

                                                                                                                                                                      3Q'11
                                                                            Occ              ARR                     RevPAR

(1)   Singapore Hotels comprise Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel, Novotel Clarke Quay and Studio M Hotel. For comparative
      purposes, Studio M Hotel was excluded as it was acquired on 3 May 2011.                                                                                                       25
    Limited Net Supply of New Rooms in 2011
          Supply is expected to grow at a CAGR of 5.5% for the next 3 years
                   Lower than the 5-year CAGR of 7.9% expected for visitor arrivals (based on STB’s forecast of 17
                   million visitors by 2015)

                                        Current and Expected Hotel Room Supply in Singapore

          No. of Hotel Rooms

          50,000                                     2010 to 2013 CAGR = 5.5%
                                                                                                              2,522                 46,215

          45,000                                                                  2,321
                                                        2,024
                            39,348                       583       To be opened
          40,000                                        1,441      Opened in YTD Sep 2011




          35,000



          30,000
                             2010                       2011                       2012                       2013                Total 2013

                            Key:      Current estimated hotel supply      Estimated future net hotel supply      Estimated hotel supply by end-2013


Source:   Singapore Tourism Board, Horwath HTL (as at Jul 2011) and CDL-HT Research.                                                                  26
    Potential Net Supply of New Singapore Hotel
    Rooms Until 2013
                              No. of       Horwath                                 Expected                                    No. of      Horwath                               Expected
   Name of Hotel                                               Location                       Name of Hotel                                                    Location
                              Rms           Rating                                 Opening                                     Rms          Rating                               Opening
  Porcelain Hotel (Phase 2)     50          Mid-Tier           City Centre           2011     Aqueen Hotel Tyrwhitt             110        Economy         Outside City Centre    2012
  Bay Hotel                    335          Mid-Tier           City Centre          2011
                                                                                              Aqueen Hotel Paya Lebar           100        Economy         Outside City Centre    2012
  Mövenpick Hotel Sentosa
                                61      Luxury / Upscale        Sentosa              2011
  (Phase 2)                                                                                   Hotel Grand Central
                                                                                                                               -390         Mid-Tier           City Centre        2012
  Park Avenue Rochester         70          Mid-Tier       Outside City Centre       2011     (Redevelopment)

  Santa Grand East Coast        67         Economy         Outside City Centre       2011     Parkroyal Serviced Suites         90      Luxury / Upscale       City Centre        2012
  Parkroyal at CBD             367          Mid-Tier           City Centre           2012     Ramada Balestier                  390         Mid-Tier           City Centre        2012
  Holiday Inn Express                                                                         Traders Hotel
                               220          Mid-Tier           City Centre           2012                                       522     Luxury / Upscale       City Centre        2013
  (Orchard)                                                                                   (former Phoenix Hotel)
  Paramount Hotel (Re-
                               229          Mid-Tier       Outside City Centre       2012     One Farrer Hotel                  230     Luxury / Upscale       City Centre        2013
  opening)
  Days Inn Balestier           405         Economy             City Centre           2012     Ogilvy Centre                     200     Luxury / Upscale       City Centre        2013

  RWS - Equarius Hotel         172      Luxury / Upscale        Sentosa              2012     Westin SG Marina Bay              305     Luxury / Upscale       City Centre        2013

  W Hotel Sentosa Cove         240      Luxury / Upscale        Sentosa             2012      Holiday Inn Express (Havelock)    460         Mid-Tier           City Centre        2013

  RWS - Spa Villas              30      Luxury / Upscale        Sentosa              2012     Dorsett Hotel & Residences        285         Mid-Tier           City Centre        2013

  Fairy Point Hill             188          Mid-Tier       Outside City Centre       2012     Carlton Project                   374         Mid-Tier           City Centre        2013

  Park Avenue Changi           170          Mid-Tier       Outside City Centre       2012     Modena Changi Business Park       146         Mid-Tier       Outside City Centre    2013




   Year                                 No. of Rms              Luxury / Upscale                                    Mid-Tier                               Economy
   4Q 2011                                    583                            61                 10%                    455              78%                    67                12%
   2012                                      2,321                           532                23%                    1,174            51%                   615                26%
   2013                                      2,522                        1,257                 50%                    1,265            50%                     0                0%
   Total (4Q 2011 – 2013)                    5,426                        1,850                 34%                    2,894            53%                   682                13%



Source:       Horwath HTL (as at July 2011) and CDL-HT Research                                                                                                                             27
Management Strategy




                      28
Management Strategy


    Acquiring for Growth                                                          Nurturing for Growth
Pursue yield accretive, quality assets with
investment rigour and discipline                                                   Capitalise on revenue management
Tap on potential pipeline from M&C / CDL                                           opportunities to improve room yield




                                                        n
Tap on global network for 3rd party assets                                       Identify & implement asset enhancement




                                                                Or ow
                                                     tio
                                                                               initiatives to enhance quality of offering and




                                                                 Gr
                                                                  ga th
                                                 isi
                                                                                                pricing power




                                                                    n ic
                                              qu
                                         Ac


                                                     Financial
                                                    Foundation

                             Balancing the Foundation for Growth
                                               Maintain financial discipline
                                        Broaden access to alternative funding
                                                     sources



                                                                                                                                29
    Asset Enhancement Initiatives




                                   Before                                         Before                                            Before

Orchard Hotel                                                                                Novotel Clarke Quay
 Refurbishment of 331-room Claymore Wing completed in September                               Upgrading of 401 guest rooms and Club Lounge
 Upgrading was carried out on guest rooms, Executive Club Lounge, meeting rooms and common    Club Lounge completed in 3Q 2011; 88 remaining
 area                                                                                         guest rooms to be completed by end 2011




                                     After                                          After                                             After
                                                                                                                                         30
Background and Structure
 of CDL Hospitality Trusts




                             31
         Background on CDL-HT

                    Background                                                                                                                  Post IPO Performance

                                                          Annoucement of
                                                                                                                                                                                                                                                                           Unit price increase
        IPO on 19 July 2006              $3.00
                                                           Novotel Clarke                                                 High (10 Jul ’07)
                                                                                                                             = S$2.66
                                                                                                                                                                                                                                                                     IPO to 24 Oct 2011 = +86.7%
                                                          Quay Acquisition
                                                              = S$2.01
        Listed on SGX Mainboard                                                                                                                               31 Dec'07
                                                                                                                                                              = S$2.35

        Sponsored by Millennium &        $2.50                                                                                                                                                      Announcement of Private
                                                                                                                                                                                                      Placement = S$1.89
        Copthorne Hotels plc (listed
                                                                                                                                                                                Announcement of Australia
        on LSE)                          $2.00                                                                                                                                     Hotels Acquisition
                                                              IPO =                                                                                                                     = S$1.80
                                                              S$0.83
        First Hotel REIT in Asia ex                                                                                                                                                                 31 Dec '09
        Japan                            $1.50                                                                                                                                                       = S$1.75
                                                                                                                  Announcement of                                                                                                                                    31 Dec '10
                                                                                                                 Equity Fund Raising                                                                                                                                  = S$2.08
                                                                                                                       = S$2.28

                                         $1.00                                                                                                                                                                                                         Announcement of

            Market Capitalisation                                                                                                                                                                                                                     Studio M Acquisition
                                                                                                                                                                                                                                                            = S$1.94

                                                                               Announcement of Rendezvous
                                         $0.50                                  Hotel Auckland Acquisition                                                                                                                                                                                                24 Oct '11
                                                                                         = S$1.10                                                                                                                                                                                                          = S$1.55
                                                                                                                                                      31 Dec '08
        S$1,490.8 million as of 24                                                                                                                    = S$0.730

                                         $0.00
        Oct 2011
                                                           Sep-06




                                                                                                                 Sep-07




                                                                                                                                                                       Sep-08




                                                                                                                                                                                                                                 Sep-09




                                                                                                                                                                                                                                                                                        Sep-10




                                                                                                                                                                                                                                                                                                                                               Sep-11
                                                 Jul-06



                                                                    Nov-06

                                                                             Jan-07

                                                                                      Mar-07

                                                                                               May-07

                                                                                                        Jul-07



                                                                                                                          Nov-07

                                                                                                                                   Jan-08

                                                                                                                                            Mar-08

                                                                                                                                                     May-08

                                                                                                                                                              Jul-08



                                                                                                                                                                                  Nov-08

                                                                                                                                                                                           Jan-09

                                                                                                                                                                                                      Mar-09

                                                                                                                                                                                                               May-09

                                                                                                                                                                                                                        Jul-09



                                                                                                                                                                                                                                          Nov-09

                                                                                                                                                                                                                                                   Jan-10

                                                                                                                                                                                                                                                            Mar-10

                                                                                                                                                                                                                                                                      May-10

                                                                                                                                                                                                                                                                               Jul-10



                                                                                                                                                                                                                                                                                                 Nov-10

                                                                                                                                                                                                                                                                                                           Jan-11

                                                                                                                                                                                                                                                                                                                    Mar-11

                                                                                                                                                                                                                                                                                                                             May-11

                                                                                                                                                                                                                                                                                                                                      Jul-11
Source: Unit price data from Bloomberg                                                                                                                                                                                                                                                                                                                  32
         CDL-HT Structure


                                                                  Sponsor                             Investors
                                                      ≈35.112%              Holdings of Stapled Securities         ≈64.888%
                                                  as at 30 Sep 2011                                                as at 30 Sep 2011



                         H-REIT                                                       Distributions                                                      HBT
                                                    Management
                                                      services                                                              Management
                                                                                      Stapling Deed                           services
                              M&C REIT                                                                                                           M&C Business Trust
                         Management Limited                       H-REIT                               HBT(1)            and acts on behalf
                                                                                                                                                 Management Limited
                          (H-REIT Manager)                        (owns hotels)                                          of the holders of      (HBT Trustee Manager)
                                                                                        Lease of
                                                                                         Hotels                            the HBT Units


                                                             Lease of
                      Acts on behalf of the                                    Rent
                                                               Hotels
                    holders of H-REIT Units

                                DBS                                 Master
                               Trustee
                                                                   Lessees


                                                                                                          Hotel
                                                                  Hotel Manager
                                                                                                        Manager(2)



(1) Currently dormant.
(2) To be appointed by HBT when HBT is activated.
For simplicity, the diagram does not include the relationships in relation to Orchard Hotel Shopping Arcade. Orchard Hotel Shopping Arcade tenants will pay rent to H-REIT
directly and H-REIT Manager will manage Orchard Hotel Shopping Arcade directly.                                                                                              33
      Blue Chip Sponsor and Parentage

               Millennium & Copthorne Hotels plc                  City Developments Limited




                                                          One of the largest property developers in
         Listed on the London Stock Exchange with
                                                          Singapore with a market capitalisation of
         market capitalisation of ~ £1.3 billion (1)
                                                          ~S$9.2 billion (1)
         Debt to assets ratio of 13% as at 30 June 2011
                                                          Debt to assets ratio of 29% as at 30 June 2011



(1)   As at 24 Oct 2011
Source: Bloomberg                                                                                          34
   Summary of Leases and Lease Structures

                              Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel:
                                  20% of Hotel's revenue + 20% of Hotel’s gross operating profit subject to a fixed rent floor of S$26.4 m
                                  Term of 20 years from Listing with 20 year option
   Singapore IPO              Orchard Hotel Shopping Arcade:
                                  H-REIT receives rents direct from tenants
 Portfolio & Studio M
    Favourable Lease
Structure in Base Portfolio    Studio M:
                                  30% of Studio M Hotel’s revenue + 20% of Studio M Hotel’s gross operating profit subject to a fixed rent floor of S$5.0 m for
                                  the initial 10 years of the lease
                                  1st twelve months Guarantee Net Rent: S$9.24 million
                                  (or a net yield of ~6% per annum of purchase consideration of S$154.0 million)


    Singapore NCQ             Novotel Clarke Quay:
                                 Lease based on gross operating profit less Accor’s management fee
   Lease Structure with          Variable rental payment of more than 90% of gross operating profit, depending on Novotel Clarke Quay’s performance
Reserve and High Variable        Term ~ 13.5 years from 7 June 2007, expiring 31 December 2020
          Rent                   Lessee will provide a S$6.5 m reserve to fund shortfall in event annual rent is below S$6.5 m



                              Rendezvous Hotel Auckland:
   NZ Rendezvous                 Base rent + Variable rent
 High Degree of Stability        Base rent escalates at 2.75% per annum
                                 Term of 10 years from 7 September 2006 with 5 year option



  Australia Portfolio         Novotel, Mercure & Ibis Brisbane, Mercure & Ibis Perth:
                                   Base rent + Variable rent
    High Stability and             Base rent: A$13.7 m per annum
    Significant Upside             Variable rent: 10% of portfolio’s net operating profit in excess of base rent
        Potential                  Term ~ 11 years from 18 February 2010, expiring 30 April 2021


                                                                                                                                                                  35
      Income Stability from Minimum
      Guaranteed Rent
               Singapore Properties (YTD Sep 2011)                                                                   All CDL-HT Properties (YTD Sep 2011)

                 S$ Mil

                 80

                 60                                                                                                                         Variable
                                        50.0              Variable Rent (61%)                                                                Rent,
                 40                                                                                                                          49.2%

                 20                                       Minimum Rent (1) (39%)
                                        32.4

                   0


                Overseas Properties (YTD Sep 2011)

                 S$ Mil
                                                                                                                                                     Minimu
                                         0.8                                                                                                 Minimum Rent (1), (2)
                 20                                       Variable Rent (4%)                                                                         m Rent,
                                                                                                                                                     50.8%
                 15

                 10                     20.1              Minimum Rent (2) (96%)

                   5                                                                                                          Gross Revenue (YTD Sep 2011)
                                                                                                                                     S$103.3 million
                   0

(1)   For the purpose of computing minimum rent for YTD Sep 2011 for the Singapore properties, we have included the (i) prorated fixed rent from the IPO Hotels; (ii) prorated first 12-mth guarantee
      net rent from Studio M; (iii) S$3.9 million retail rent from Orchard Hotel Shopping Arcade; and (iv) prorated rent reserve provided by Accor S.A. for Novotel Clarke Quay.
(2)   For the purpose of computing the minimum rent for YTD Sep 2011 for the overseas properties, we have included the prorated base rent from all the 6 Australia and New Zealand hotels.              36
     Gross Revenue Breakdown:
     3Q ’10 Vs 3Q ’11
                                                         Gross Revenue of CDL-HT Properties

         S$ M
                                        + 15.2%                                             Key:                              % Change from 3Q ’10
        40.0
                                                               S$36.4M                        Studio M Hotel                           N.M.

        35.0                                           8%          2.8                        Australia Portfolio                     + 4.0%
                          S$31.6M
                                                      12%          4.4                        Rendezvous Hotel Auckland               + 7.9%
        30.0     13%           4.3
                                                       6%          2.3                        Orchard Hotel Shopping Arcade           + 8.9%
                 7%            2.1                     4%          1.3
        25.0     4%            1.2                    7%           2.6                        Copthorne King’s Hotel
                               2.4                                                                                                    + 6.4%
                 8%
                                                      11%          4.1
        20.0     13%           4.0                                                            M Hotel                                 + 2.7%

                                                                                              Novotel Clarke Quay                    + 12.3%
                                                      17%          6.1
        15.0     17%           5.5
                                                                                              Grand Copthorne Waterfront             + 11.7%
        10.0                   5.5                    17%          6.2
                 17%                                                                          Orchard Hotel                           - 0.8%

          5.0
                 21%           6.6                     18%         6.6

          0.0
                             3Q '10                              3Q '11


Note: The percentage composition of gross revenue may not add up to 100% due to rounding.                                                            37
     Gross Revenue Breakdown:
     YTD Sep ’10 Vs YTD Sep ’11
                                                         Gross Revenue of CDL-HT Properties

        S$ M
       120.0                                                                                Key:                              % Change from YTD Sep ’10
                                        + 16.1%
                                                              S$103.3M                        Studio M Hotel                             N.M.

                                                                  4.6                         Australia Portfolio                       + 33.4%
       100.0                                          4%
                          S$89.0M
                                                                 14.2                         Rendezvous Hotel Auckland
                                                      14%                                                                               + 4.6%
                 12%          10.7
        80.0                                          6%          6.7                         Orchard Hotel Shopping Arcade             + 14.8%
                   7%         6.4                     4%          3.9
                  4%          3.4                     7%          7.7                         Copthorne King’s Hotel                    + 11.7%
                   8%         6.9
        60.0                                         12%         12.0                         M Hotel                                   + 6.3%
                 13%          11.3

                                                     16%                                      Novotel Clarke Quay                       + 10.3%
                                                                 16.5
                 17%          15.0
        40.0
                                                                                              Grand Copthorne Waterfront                + 13.6%

                              15.7                    17%        17.8
                  18%                                                                         Orchard Hotel                             + 1.1%
        20.0

                  22%         19.6                   19%         19.8

          0.0
                         YTD Sep '10                         YTD Sep '11


Note: The percentage composition of gross revenue may not add up to 100% due to rounding.                                                                 38
      CDL-HT Asset Portfolio – Singapore




  Property              Orchard          Grand             M Hotel     Copthorne       Novotel      Studio M       Orchard Hotel   Singapore
                         Hotel         Copthorne                      King’s Hotel   Clarke Quay                     Shopping       Portfolio
                                     Waterfront Hotel                                                                 Arcade

  Number of
                          656               574             413           310           401            360             N/A            2,714
  Rooms

  Valuation at 31
                       S$429.0 M        S$322.0 M         S$229.0 M    S$125.0 M     S$276.0 M     S$153.8 M (1)     S$54.3 M      S$1,589.1 M
  December 2010 (1)

  Acquisition Date     July 2006         July 2006        July 2006    July 2006      June 2007     May 2011         July 2006          -




(1)    Valuation for Studio M was as of 10 January 2011                                                                                          39
      CDL-HT Asset Portfolio – Overseas




 Property                Rendezvous          Novotel         Mercure                Ibis    Mercure       Ibis Perth     Australian     Overseas
                        Hotel Auckland       Brisbane        Brisbane         Brisbane        Perth                       Portfolio     Portfolio


 Number of Rooms              452              296              194                 218        239           192           1,139         1,591


 Valuation at 31         NZ$100.4M           A$68.8M                   A$57.7M               A$41.4M       A$24.2M        A$192.1M
                                                                                                                                        S$351.8M
 December 2010           (S$99.0M)(1)      (S$90.5M)(2)              (S$75.9M)(2)          (S$54.5M)(2)   (S$31.9)(2)   (S$252.8M)(2)


                          December           February        February          February     February      February        February          -
 Acquisition Date
                            2006               2010           2010              2010         2010          2010             2010

                                                                                                                                            -
 Location                New Zealand         Australia       Australia         Australia    Australia     Australia       Australia




(1)    Based on exchange rate of NZ$1 = S$0.9860 as at 31 Dec 2010
(2)    Based on exchange rate of A$1 = S$1.3160 as at 31 Dec 2010                                                                                   40
      CDL-HT Asset Portfolio

                                                   Valuation by Property and Geography (1)



       Overseas Portfolio                    18.1%                                                              Singapore Portfolio      81.9%


       Australia                             13.0%                                                              Singapore                81.9%
       Novotel Brisbane                        4.7%                                                             Orchard Hotel            22.1%
       Mercure & Ibis Brisbane                 3.9%                                                             Grand Copthorne          16.6%
       Mercure Perth                           2.8%                                                             Waterfront

       Ibis Perth                              1.6%                                                             Novotel Clarke Quay      14.2%
                                                                                                                M Hotel                  11.8%
                                                                                                                Studio M Hotel            7.9%
       New Zealand                             5.1%
                                                                                                                Copthorne King’s Hotel    6.4%
       Rendezvous Auckland                     5.1%
                                                                                                                Orchard Hotel             2.8%
                                                                                                                Shopping Arcade




(1)   Valuation of all properties as of 31 December 2010, with the exception of Studio M, which is as of 10 January 2011.                        41
        Increase in CDL-HT Total Property Value

                                                                      Valuation of CDL-HT Properties
                                                                                                                           + 8.6%
            S$ M
                                                                                                                                    1,940.9M         Key:
           2,000                                                                                    + 19.0%
                                                                      - 9.1%
                                                                                    + 1.4%                        1,787.1M             154
           1,800                            + 47.8%                                                                                                   Studio M
                                                           1,628.8M
                                                                                               1,501.6M              253               253
           1,600                                                            1,481.2M                                                                  Australia Hotel Portfolio
                                                              128
                    .
                           + 30.2%                            40                                                     99                99
                                                                                 93                110
           1,400                                              141                                                    54                54             Rendezvous Hotel Auckland
                                                                                 43                54
                                                                                 120                                 125               125
                                                                                                   118
           1,200                        1,101.9M              253                                                                                     Orchard Hotel Shopping Arcade
                                                                                 227               225               229               229
                                             123                                                                                                      Copthorne King's Hotel
           1,000                             35
                        846.3M                                275
                                             101                                 266               267               276               276
             800           35                                                                                                                         M Hotel
                           86                191
                          162                                 334                                                                                     Novotel Clarke Quay
             600                                                                 309               315               322               322
                                             267
                          234                                                                                                                         Grand Copthorne Waterfront Hotel
             400

             200                                              458                423               413               429               429            Orchard Hotel
                          330                385

                0
                          IPO           31/12/2006        31/12/2007         31/12/2008        31/12/2009        31/12/2010        30/09/2011 (1), (2), (3), (4)

(1)   Valuation of Australia Hotel Portfolio as at 31 Dec 2010, converted based on exchange rate of A$1 to S$1.316.
(2)   Valuation of Rendezvous Hotel Auckland as at 31 Dec 2010, converted based on exchange rates of NZ$1 to S$0.9860.
(3)   Source: Valuation reports from CB Richard Ellis (Pte) Ltd for Singapore properties; CB Richard Ellis Pty Ltd for Australia Hotel Portfolio and Bower Valuations Limited for
      Rendezvous Hotel Auckland as at 31 Dec 2010.
(4)   Valuation of Studio M is based on Knight Frank’s report dated 10 January 2011.                                                                                                     42
                  Information on
CDL Hospitality Trusts Properties




                                    43
Hotels in Strategic Locations

                        Singapore Hotels                                                   New Zealand Hotel


 Orchard Hotel &           Grand Copthorne                     Novotel
 Shopping Arcade           Waterfront Hotel                  Clarke Quay                                       Rendezvous
                                                                                                                 Hotel
                                                                                                                Auckland

          H




              H                 H
                   H   H

                                          SINGAPORE
                                             RIVER



                                    CENTRAL        MARINA BAY
                                    BUSINESS
                                    DISTRICT
                                                     SANDS                          H
                            H
                                               BUSINESS &
                                                FINANCIAL
                                               CENTRE SITE




Copthorne King’s       Studio M Hotel              M Hotel
     Hotel                                                                 AUCKLAND CITY CENTRE


                                                                                                                            44
Hotels in Strategic Locations

                                          Australia Hotels

 Mercure           Ibis        Novotel                                                 Mercure
 Brisbane       Brisbane       Brisbane                               Ibis Perth        Perth



 Brisbane CBD                                         Perth CBD



                           H




                                                                  H



                      H                                                            H
                  H


                                                                                        CBD AREA




                                                                                                   45
 Orchard Hotel, Singapore

               Significant Highlights
656 rooms
Located on Orchard Road
Large pillar-less ballrooms with extensive conference
facilities
Caters to both corporate and leisure segments


                     Accolades

Awarded Singapore Service Class Certificate for business
excellence in service standard by Spring Singapore in 2011
Chef of the Year & Asian Chef of the Year by Asian
Gastronomic Awards of Excellence 2011 – Hua Ting Master
Chef Chan Kwok
Prestigious awards received by Hua Ting Restaurant:
       Voted one of Asia’s finest restaurants and included in
       The Miele Guide 2010/11
       Hall of Fame Award by Singapore Tatler’s - Best
       Restaurant 2010
       Top 3 AsiaOne People’s Choice Awards 2010
       Asia Tatler’s Regional Best Restaurants 2008 to
       2011
       Singapore Tatler’s Best Restaurants 2006 to 2011
       Wine & Dine Singapore’s Top Restaurants 2006 to
       2011
                                                                46
Grand Copthorne Waterfront, Singapore

             Significant Highlights
574 rooms
Located between CBD and Orchard Road
Close to CBD and IRs
One of the largest conference facilities in Singapore
Well positioned for the MICE market


                    Accolades
2009 Hospitality Asia Platinum Awards by World Asia
Publishing
2009 / 2010 Singapore Experience Awards by STB,
Finalist – Best Business Event Venue Experience &
Meeting of the Year
Asia & Singapore Tatler’s Regional Best Restaurants
2008/2009 – Pontini
Wine & Dine Singapore’s Top Restaurants 2009 –
Pontini
Hospitality Asia Platinum Award 2008 to 2010 Regional
Series, Finalist for:
     Signature MICE Hotel
     Signature Business Hotel
     Signature Deluxe Hotel
     Exceptional Housekeeping Department


                                                        47
M Hotel, Singapore

          Significant Highlights

413 rooms
Located in the heart of the financial district
Close to CBD and IRs
Completed refurbishment in 2003
Strong following of business travellers

                 Accolades

 ASEAN Green Hotel Award 2010
 Hotel Security Award 2010 by Singapore Hotel
 Association
 Hospitality Asia Platinum Awards 2009-2011
 Singapore Series - Best Deluxe Hotel & Top 5
 for Best Business Hotel
 Singapore Hotel Association's Singapore Green
 Hotel Award 2009 & Hotel Security Award 2009
 Wine & Dine Singapore’s Top Restaurants 2009
 – Cafe 2000 & The Buffet
 Simply Dining Singapore’s Top Restaurants
 2009
       Best Buffet Restaurant – The Buffet
       Silver Star Award – Cafe 2000
       Silver Star Award – The Buffet


                                                 48
Copthorne King’s Hotel, Singapore

           Significant Highlights

 Boutique-style business hotel with 310 rooms
 Located within close proximity to CBD,
 convention / exhibition belt and Orchard Road
 Completed refurbishment in 2004
 Strong corporate segment focus and specialty
 events hotel host

                  Accolades

Excellent Service Award 2004 - 2010 by SHA & Spring
Singapore
Finalist for Most Popular Hotel in Asia by HotelClub
Awards 2009
Top 10 Buffets in Singapore by AsiaOne People Choice
Awards 2009
Wine & Dine Singapore’s Top Restaurants
         2007 to 2010 – Tien Court
         2005 to 2011 – Princess Terrace
Singapore Tatler’s Best Restaurants 2007 to 2011 –
Tien Court & Princess Terrace
Women’s Weekly Gold Plate Awards 2009 & 2010 –
‘Die Die Must Try Buffet’



                                                       49
Novotel Clarke Quay, Singapore

           Significant Highlights
Prime superior hotel with 401 rooms
Leasehold
Located in immediate proximity to Clarke Quay,
Robertson Quay and Boat Quay: Singapore’s
premier entertainment hub
Concluded a S$18.8 million comprehensive
refurbishment program to guestrooms, public areas,
restaurants and function rooms in 2007

                  Accolades
First hotel in Singapore to achieve Green Globe
Certification for its commitment to environmental &
sustainable development
ASEAN Green Hotel Standard Award for 2010 –
2011, Singapore Green Hotel Award 2010 - 2011
Singapore Tourism Award 2008 “Best Superior
Hotel”
Excellent Service Award 2008
Accor Asia Pacific – GOPPAR Award – Highest
Gross Operating Profit per Available Room) in the
region
Accor Asia Pacific – Sales Distribution Award –
Highest Web Distribution (Accor Site and 3rd Party)
in the region


                                                      50
Studio M Hotel, Singapore

              Significant Highlights

360 urban-inspired lofts with elevated ceilings
Newly-built asset completed in March 2010
Stylish and contemporary design set to capture growing
business and leisure segments
Vibrant lifestyle options near the Robertson Quay precinct
and in proximity to CBD, tourist attractions, integrated
resorts and convention centres

                     Accolades

AsiaOne Readers’ Choice Award 2010 – Top 3 Boutique
Hotel




                                                             51
Orchard Hotel Shopping Arcade, Singapore


 Net Lettable Area      5,984.4 sq m

 CBRE’s valuation       S$54.3M

 Valuation psm (psf)    S$9,074 psm (S$843 psf)

 % of total valuation   ~2.8%

 Leasehold Interest     75 years from Listing Date




                                                     52
Rendezvous Hotel Auckland, New Zealand

                    Significant Highlights
452 rooms – largest hotel in Auckland by rooms
Freehold
Located in the central business district and next to a major conference
centre


                           Accolades

Green Globe accreditation 2009
Restaurant award for Pacific Restaurant Category Winner : Formal
Dining New Zealand Restaurant of the Year 2009
Sliver Medal for Service both at the New Zealand Culinary Fare 2009




                                                                          53
Novotel, Mercure and Ibis Hotels, Brisbane

Novotel Hotel
                                          Significant Highlights

                   Novotel Hotel Brisbane
                     4.5 star accommodation with 296 modern, well-appointed rooms and suites
                     Freehold
                     Located next to Central Station and the CBD, Queen Street Mall and the
                     Riverside boardwalk
                     Comprehensive conference and leisure facilities of ten dedicated rooms
                     with capacity for up to 350 delegates
Mercure Hotel
                     Recently completed refurbishment of hotel lobby in 2009; Green Globe
                     Certified Hotel


                   Mercure Hotel Brisbane
                     4 star accommodation with 194 spacious and stylish rooms and suites,
                     overlooking the Brisbane River
                     Freehold
Ibis Hotel           Located steps from the Queen Street Mall shopping precinct, Brisbane
                     Convention and Exhibition Centre,
                     Three floors of function facilities and eleven conference rooms


                   Ibis Hotel Brisbane
                     3.5 star accommodation with 218 rooms
                     Freehold
                     Well-situated in the heart of the Government and Corporate precinct

                                                                                               54
 Mercure and Ibis Hotels, Perth

                                                        Mercure Hotel   Mercure Hotel
            Significant Highlights

Mercure Hotel Perth
  4.0 star accommodation with 239 rooms and suites
  Freehold
  Offers six meeting rooms available for up to 350
  delegates
  Situated in Perth’s CBD and within walking distance
                                                                        Mercure Hotel
  to the Swan River, shopping and entertainment


Ibis Hotel Perth
  3.5 star accommodation with 192 rooms
  Freehold
  Four newly refurbished function rooms                 Ibis Hotel      Ibis Hotel
  Located steps from the Murray and Hay Street
  shopping belt within Perth’s CBD




                                                                                        55
THANK YOU




            56

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:9
posted:10/26/2011
language:English
pages:56