Basic Profile & Key Statistics
Performance Highlight
Revenue and gross profit have improved year-on-year (YoY), mainly driven by stronger operating performance. However, total distribution and DPS remained flat YoY, due to a lower realised exchange gain.
Revenue per Available Unit
RevPAU improved YoY for both 2Q and 1H FY25, supported by higher average occupancy.
Acquisition
In January 2025, CLAS completed the acquisition of two hotels in Japan.
Divestment
In April 2025, CLAS completed the divestment of Somerset Olympic Tower Tianjin in China as part of its portfolio reconstitution strategy.
Development
The redevelopment of Somerset Liang Court Singapore is on track, with completion expected in 2026 and opening targeted for 2027.
Asset Enhancement Initiative
In 1H FY25, CLAS completed the AEI for ibis Ambassador Seoul Insadong. The AEI for Citadines République Paris is currently ongoing and is expected to be completed in 4Q 2025. 3 other AEIs, located in Singapore, London, and Jakarta are planned with completions targeted between
…
