Hotel Indigo Exeter becomes a new addition to our portfolio

The hotel has been acquired by CDL Hospitality Trusts (“CDLHT”) and whilst M&T has supported CDLHT previously through its Advisory and Asset Management businesses, this is M&T’s first full management contract with CDLHT.

The freehold property is an upscale lifestyle boutique hotel offering 104 rooms, with luxurious spa and gym facilities as well as two retail units. The Property is situated on the doorstep of the main retail High Street, the Princesshay Shopping Centre, which is the pre-eminent shopping destination in Exeter and attracts significant footfall. It is also close to the commercial district, major transport nodes and iconic attractions.

Hugh Taylor OBE, CEO of Michels & Taylor comments:

“We are delighted to add this wonderful hotel to the M&T management portfolio. CDLHT has been a valued client of M&T Advisory for many years and we are absolutely delighted to now extend our relationship with our first full hotel management agreement. The Hotel Indigo Exeter is a fantastic asset in an enviable position in the heart of Exeter and with this agreement, we are looking forward to further strengthening our relationship with our friends at CDLHT over the coming years”.

Mr Vincent Yeo, CEO of CDLHT’s Managers, comments:

“We are pleased to have our valued partner, Michels & Taylor on board as our hotel operator as we expand our UK presence to Exeter. Given their wealth of experience, we have the utmost confidence in their ability to deliver an elevated guest experience and steer Hotel Indigo Exeter to greater heights.

Editors Notes:

Michels & Taylor is one of Europe’s leading hotel management, advisory and asset management businesses. Run by Sir David Michels and Hugh Taylor OBE, the company supports hotel owners, investors and lenders in enhancing value from their assets

About CDL Hospitality Trusts

CDL Hospitality Trusts (“CDLHT”) is one of Asia’s leading hospitality trusts with assets under management of about S$3.3 billion as at 30 June 2024. CDLHT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (“H-REIT”), a real estate investment trust, and CDL Hospitality Business Trust (“HBT”), a business trust. CDLHT was listed on the Singapore Exchange Securities Trading Limited on 19 July 2006. M&C REIT Management Limited is the manager of H-REIT, the first hotel real estate investment trust in Singapore, and M&C Business Trust Management Limited is the trustee-manager of HBT.

CDLHT’s principal investment strategy is to invest in a diversified portfolio of real estate which is or will be primarily used for hospitality, hospitality-related and other accommodation and/or lodging purposes globally. CDLHT’s portfolio comprises 20 properties (total of 4,820 hotel rooms, 352 Build-to-Rent apartment units and a retail mall).