CDL Hospitality Trust's (SGX:J85) managers confirmed that City Hotels, Harbour View Hotel and Republic Hotels & Resorts have given notice to exercise their respective options to renew the term of the master lease agreements for Orchard Hotel Singapore, M Hotel Singapore City Centre, Grand Copthorne Waterfront Hotel and Copthorne King's Hotel.
The original terms of the agreements expires on July 18, 2026 and the renewal will be for 20 years, according to a filing with the Singapore Exchange on Thursday.
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.