December 22, 2017 / 5:42 AM / 6 months ago

BRIEF-CDL Hospitality Trusts announces ‍proposed divestment of Mercure Brisbane and Ibis Brisbane

Dec 22 (Reuters) - CDL Hospitality Trusts:

* Announces ‍proposed divestment of Mercure Brisbane and Ibis Brisbane for A$77.0 million​

* ‍CDLHT’s managers intend to utilise proceeds from divestment mainly to repay existing borrowings​

* Co to sell Mercure Brisbane and Ibis Brisbane to ‍CR Hotel Target Pty Ltd, an independent third party purchaser​ Source text for Eikon: Further company coverage:

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