CDL Hospitality buys UK's Cambridge City Hotel

One of Cambridge's biggest hotels has been sold for $95.1 million (£61.5 million).

The 198-room Cambridge City Hotel, in Cambridge, U.K., was acquired by Singapore-based CDL Hospitality Trust from previous owner LR (Cambridge). It is the first property the group has brought in Europe. The sale follows an $9.1-million refurbishment of the hotel which was completed in April.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


"This acquisition in Cambridge, is in line with our strategy to invest in markets with good growth potential," said the trust manager's CEO Vincent Yeo.

"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."

The sale follows an $9.1-million refurbishment of the hotel which was completed in April.

Suggested Articles

Keynote speaker John Picard offers the hospitality and technology industries a new way forward out of the chaos.

The company's main markets are still substantially affected by the measures rolled out to combat the COVID-19 health crisis.

Revenue per available room and occupancy increased over Q2, but uncertainty around the industry’s recovery remains.