CBRE sells Cambridge City Hotel to Singaporean Investor for £61.5 Million

​​London 15th September​ ​London & Regional, advised by CBRE, has sold Cambridge City Hotel, Cambridge to Singaporean investor, CDL Hospitality Trusts, for £61.5million.

The acquisition of the recently refurbished, 198-room city-centre hotel marks CDL’s first entry into Europe. 

Mr Vincent Yeo, CEO of the purchasing entity, commented on the Acquisition, “This acquisition in Cambridge, UK, is in line with our strategy to invest in markets with good growth potential. Cambridge has been one of the strongest performing hospitality markets in UK and the burgeoning life science cluster will support the growth trajectory of the market. This acquisition of Cambridge City Hotel is a rare opportunity for us to acquire a prime asset in a tightly held investment market.”

Jileen Loo, Director, Global Capital Markets, CBRE Hotels said: “In 2014, Asian investors spent USD 40billion outside their region with hotels rising to become the second most invested asset class, accounting for 16% of capital deployed. In the same year, London remained the most popular destination for Asian outbound capital but now we are now witnessing a move towards the acquisition of prime assets in popular secondary markets.” 


About CBRE Group, Inc.​

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com