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CDL Hospitality REIT Acquires Hotel Brooklyn In The UK

CDL Hospitality REIT Acquires Hotel Brooklyn In The UK

February 22, 2022 – CDL Hospitality Real Estate Investment Trust announced that CDL HREIT Investments (II) Limited, a wholly-owned subsidiary of H-REIT, has entered into a share purchase agreement and completed the indirect acquisition of Hotel Brooklyn located at 57 and 59 Portland Street, Manchester, United Kingdom.

The Property is a 4-star, upscale lifestyle hotel located in Manchester, United Kingdom (UK). It is centrally located within the heart of Manchester and within walking distance to the central business district as well as popular tourist attractions.

The Property commenced operations in February 20201 and offers a total of 189 rooms (weighted average room size of 26 square meters). The Property has two food & beverage outlets, three meeting rooms (which can be combined, forming over 220 square metres of meeting space, and can accommodate up to 140 people theatre-style), as well as a casino with a restaurant and bar.

Read more here..

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