CDL REIT ACQUIRES CAMBRIDGE HOTEL
CDL Hospitality Trust, the Singapore-based REIT managed by M&C REIT Management Limited, an indirect wholly owned subsidiary of Millennium & Copthorne Hotels, has purchased the Cambridge City Hotel in the UK for £61.5 million from London & Regional. The sale follows an £8.2 million refurbishment of the hotel which was completed in April. The 198-room hotel is in the centre of the historic university town of Cambridge, in southeast England. It is the first property that the CDL REIT has acquired in Europe.