Building blocks for a brighter future Investment Thesis Attractive valuation buffers. CDL Hospitality Trust (CDLHT) currently trades at a P/NAV 0.9x or -0.5 SD (standard deviation) of its mean of 1.0x. We believe CDLHT remains on track to ride the travel demand recovery in 2022 and beyond. We maintain our BUY call with a TP […]

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