CDL Hospitality Trusts (SGX:J85) expanded its operations in the UK with the acquisition of Hotel Indigo Exeter from Hotel Exe Limited and Plaza Retail for 19.4 million pounds, according to a filing with the Singapore Exchange on Tuesday.
The boutique hotel has 104 rooms, spa and gym facilities along with two retail units.
The acquisition of the hotel will be complete once certain conditions are met, according to the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.