CDL Hospitality Trusts buys UK hotel for S$135.3m | Channel NewsAsia.com

CDL Hospitality says the acquisition of Cambridge City Hotel is its first in Europe and marks a diversification of its portfolio from the Asia-Pacific region. Singapore-listed hotel landlord CDL Hospitality Trusts has made its first foray into the UK with the purchase of a 198-room hotel in Cambridge for £62.5 million (S$135.3 million). Announcing this in a statement on Wednesday (Sep 9), CDL Hospitality said the acquisition is its first in...