Charter Hall Retail REIT (ASX:CQR) said Charter Hall Wholesale Management in its capacity as trustee for the CH Investment Trust and the CH Investment Co Trust acquired a stake of over 90% in the stapled securities of Hotel Property Investments (ASX:HPI), and exercised its right to compulsorily acquire the remaining securities, according to a Tuesday Australian bourse filing.

Hotel Property Investments comprises Hotel Property Investments and Hotel Property Investments Trust.

The compulsory acquisition will be on the same terms as the initial offer at a consideration of AU$3.752 per security.