Langham Hospitality Investments Limited (Stock Code: 1270) (incorporated in the Cayman Islands with limited liability) has been established primarily to own and invest in a portfolio of hotels, with an initial focus on completed hotels in Asia. The initial asset portfolio will comprise of:
The Group's objective is to provide Holders of Share Stapled Units with the potential for sustainable long-term growth of such distributions and enhancement in the value of the hotel portfolio. The Group intends to accomplish these objectives through optimising the performance and enhancing the overall quality of the Hotels and identifying and pursuing hospitality asset acquisition opportunities through implementing various investment and business strategies.
Active asset management strategy:
The Group intends to supervise proactively the Master Lessee (in conjunction with the Hotel Manager) and the Hotel Manager in order to seek to maintain and improve the quality and the value of the Hotels and achieve organic growth. The Hotel Manager will also seek enhancement opportunities, such as further improving the Hotels’ food and beverage outlets, refurbishing rooms and adding new facilities to increase room and non-room and non-guest revenue and maximise the operational performance of the Hotels.
Acquisition growth strategy:
The Group intends to identify and pursue hospitality asset acquisition opportunities arising from trends in the hospitality industry and to evaluate future acquisition opportunities focusing on the following investment criteria:
Capital and risk management strategy:
The Group intends to maintain a strong balance sheet and an appropriate gearing ratio.