Hotel Properties posts $11.4m half-year profit

Revenue for the period rose 9% to $378.4m.

Hotel Properties Limited (HPL) posted a net profit of $11.4m for the half year ended 30 June 2025, reversing a $4.9m loss a year earlier.

Revenue rose 9% to $378.4m, driven by the opening of Four Seasons Hotel Osaka, whilst gross profit increased to $85.2m.

Operating profit before associates, depreciation, fair value changes, and finance costs grew 6.3% to $86.9m.

The group recorded a $9.3m fair value loss on long-term investments, and finance costs edged up to $51m.

Profits from associates and joint ventures rose to $7.7m, boosted by a gain from Paddington Square, London.

HPL completed the acquisition of the entire strata area of Concorde Hotel & Shopping Mall in Singapore on 11 August 2025, recording a $27.3m fair value gain on the shop units.