Latest HOTEL PROPERTY INVESTMENTS (ASX:HPI) News

Hotel Property Investments has confirmed its final ordinary dividend of AUD 0.033 per security for the quarter ending December 31, 2024, with payment scheduled for February 7, 2025. This update finalizes the previously estimated dividend announced in December 2024.

Hotel Property Investments (HPI) reported a resilient H1 FY25 with a $1.26 billion portfolio and upgraded its distribution guidance to 19.7 cents per security, despite significant governance changes amid a takeover bid.

Hotel Property Investments (HPI) reported a solid $16.7 million statutory profit for H1 FY25, alongside a 3.2% rise in distributions and a successful debt refinancing that extends maturity and reduces costs.

Hotel Property Investments has announced significant leadership changes following increased shareholding by Charter Hall and Hostplus, signaling a strategic pivot for the property investment firm.

Hotel Property Investments (HPI) reported a robust half-year profit of A$16.7 million, driven by rising rental income and property valuations, while managing significant takeover defence costs amid Charter Hall Retail REIT and Hostplus bids.

Charter Hall Wholesale Management Limited has extended its off-market takeover offer for Hotel Property Investments, pushing the closing date to March 14, 2025. The offer is now unconditional, having cleared all defeating conditions.

Charter Hall Wholesale Management Limited has secured majority control of Hotel Property Investments (HPI) with a 63.7% voting stake and the HPI board now recommends acceptance of the all-cash takeover offer valued at $3.752 per security.