by winston » Fri Oct 29, 2010 9:27 am
Not vested
Singapore's CDL Hospitality says Q3 income up 45 pct
SINGAPORE, Oct 29 (Reuters)- Singapore hotel owner CDL Hospitality Trust said on Friday that income available for distribution soared 44.6 percent in the third quarter after record hotel occupancy rates during the period.
The trust, which owns five hotels in Singapore, said occupancy rates soared to an unprecedented 91.6 percent in the third quarter.
It said income for distribution jumped to S$26.94 million, up 44.6 percent from the year-ago period. The average revenue per room jumped to S$199 from S$152.
CDL Hospitality, which also owns hotels in Australia and New Zealand, is managed by a unit of City Developments , Singapore's and Southeast Asia's second largest property firm after CapitaLand .
Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"