CDLHT: Announcement on the Unaudited Financial Statements of CDL Hospitality Trusts, H-REIT and its Subsidiaries and HBT and its Subsidiaries for the first quarter ended 31 March 2016 and related announcements

General Announcement::Announcements by COL Hospitality Trusts, an associate of ...

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General Announcement::Announcements by CDL Hospitality Trusts, an associate of Millennium & Copthorne Hotels plc

Issuer & Securities

Issuer/ Manager

CITY DEVELOPMENTS LIMITED

Securities CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Stapled Security No

Announcement Details

Announcement Title

General Announcement

Date & Time of Broadcast 29-Apr-2016 08:08:18

Status New

Announcement Sub Title Announcements by CDL Hospitality Trusts, an associate of Millennium & Copthorne Hotels plc

Announcement Reference SG160429OTHRDGFS

Submitted By (Co./ Ind. Name) Enid Ling Peek Fong

Designation Company Secretary

CDL Hospitality Trusts, an associate of Millennium & Copthorne Hotels plc, has released the following announcements to Singapore Exchange Securities Trading Limited on 29 April 2016:

1. Unaudited Financial Statements Announcement of CDL Hospitality Trusts, H-REIT and its Subsidiaries and HBT and its Subsidiaries for the Quarter Ended 31 March 2016 and Press Release of CDL Hospitality Trusts

   Description (Please provide a detailed description of the event in the box below)

2. Presentation Slides for the Unaudited Results for the First Quarter ended 31 March 2016

3. Payment of Management Fee by way of issue of Stapled Securities in CDL Hospitality Trusts

4. Disclosure of Change of Interest for Trustee-Manager or Responsible Person in respect of changes in its interest in securities (Form 6)

For details, please refer to the announcements posted by CDL Hospitality Trusts on the SGX website, www.sgx.com

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Financial Statements and Related Announcement::First Quarter Results

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Financial Statements and Related Announcement::First Quarter Results Issuer & Securities

Issuer/ Manager

M&C REIT MANAGEMENT LIMITED

Securities CDL HOSPITALITY TRUSTS - SG1T66931158 - J85

Stapled Security Yes

Other Issuer(s) for Stapled Security

Name

DBS TRUSTEE LIMITED

Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date & Time of Broadcast 29-Apr-2016 07:33:52

Status New

Announcement Sub Title First Quarter Results

Announcement Reference SG160429OTHR08DU

Submitted By (Co./ Ind. Name) Enid Ling Peek Fong

Designation Company Secretary

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Please refer to the attached documents:

1. Unaudited Financial Statements Announcement of CDL Hospitality Trusts, H-REIT and its Subsidiaries and HBT and its Subsidiaries for the Quarter Ended 31 March 2016; and

2. Press Release on "CDL Hospitality Trusts Reports Income Available for Distribution of S$21.9 Million for 1Q 2016".

Additional Details

For Financial Period Ended

31/03/2016

Attachments

Announcement_ 1Q 2016.pdf

CDLHT_1Q 2016_Press Release_Final.pdf Total size =1486K

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TABLE OF CONTENTS

A stapled group comprising:

CDL HOSPITALITY REAL ESTATE INVESTMENT TRUST AND ITS SUBSIDIARIES

(a real estate investment trust constituted on 8 June 2006 under the laws of the Republic of Singapore)

and

CDL HOSPITALITY BUSINESS TRUST AND ITS SUBSIDIARIES

(a business trust constituted on 12 June 2006 under the laws of the Republic of Singapore)

INTRODUCTION

CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust ("H-REIT"), a real estate investment trust, and CDL Hospitality Business Trust ("HBT"), a business trust. CDL Hospitality Trusts was listed on the Singapore Exchange Securities Trading Limited ("SGX") on 19 July 2006.

The H-REIT Units and HBT Units are stapled together under the terms of a stapling deed dated 12 June 2006 entered into between M&C REIT Management Limited (the "H-REIT Manager"), DBS Trustee Limited (the "H-REIT Trustee") and M&C Business Trust Management Limited (the "HBT Trustee-Manager") and cannot be traded separately.

H-REIT, the first hotel real estate investment trust in Singapore, is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate which is primarily used for hospitality and/or hospitality-related purposes, whether wholly or partially, and real estate-related assets in relation to the foregoing.

As at 31 March 2016, CDLHT owns 15 hotels, two resorts and a retail mall comprising a total of 4,909 rooms. The properties under CDLHT's portfolio include:

1. six hotels in the gateway city of Singapore comprising Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King's Hotel, Novotel Singapore Clarke Quay and Studio M Hotel (collectively, the "Singapore Hotels"), as well as a shopping arcade adjoining Orchard Hotel (Claymore Connect);

2. five hotels in Brisbane and Perth, Australia, comprising Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure Perth and Ibis Perth (collectively, the "Australia Hotels");

3. two hotels in Japan's gateway city of Tokyo, comprising Hotel MyStays Asakusabashi and Hotel MyStays Kamata, (collectively, the "Japan Hotels");

4. one hotel in New Zealand's gateway city of Auckland, namely Rendezvous Hotel Auckland (the "New Zealand Hotel");

5. one hotel in Cambridge, United Kingdom, namely Hilton Cambridge City Centre (the "UK Hotel"); and

6. two resorts in Maldives comprising Angsana Velavaru and Jumeirah Dhevanafushi, (collectively, the "Maldives Resorts").

In December 2013, the HBT Trustee-Manager activated the HBT. In addition to the acquisition of Jumeirah Dhevanafushi in December 2013, HBT has through its indirectly wholly-owned subsidiary, AKO GK also become the master lessee following the acquisition of the Japan Hotels by H-REIT's indirectly-owned subsidiary in December 2014. In addition to its function as a master lessee, HBT may also undertake certain hospitality and hospitality-related development projects, acquisition and investments which may not be suitable for H-REIT.

On 1 October 2015, HBT has through its indirectly wholly-owned subsidiary, CDL HBT Cambridge City (UK) Ltd acquired Hilton Cambridge City Centre through the acquisition of 100% of the issued share capital of CDL HBT Cambridge City Hotel (UK) Ltd.

CDLHT's distribution policy is to distribute at least 90.0% of its taxable income and of its tax exempt income (if any), with the actual level of distribution to be determined at the H-REIT Manager's and HBT Trustee-Manager's discretion. CDLHT makes distributions to unitholders on a semi-annual basis, with the amount calculated as at 30 June and 31 December each year for the six-month period ending on each of the said dates. Distributions, when paid, will be in Singapore dollars.

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