Chalet Hotels - Playing on discretionary spend

All these properties are owned by CHL. For hotels, they have type up with operators (JW Marriot, Accor, etc) and they get a share of revenue (although I am not sure what share. Couldn’t locate these details).

For Commercial and Retail (Mall) properties, they get rental income.

If I come across any more details, I will surely post it here.

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