Sharenet Sites 
Sharenet Sites
Acquisition of Edinburgh Hotel
REDEFINE INTERNATIONAL P.L.C.
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8V8G91
(“Redefine International” or “the Company”)
ACQUISITION OF EDINBURGH HOTEL
Redefine International, the income focused UK Real Estate Investment Trust (“UK-REIT”), is
pleased to announce the purchase of the Doubletree by Hilton Hotel in Edinburgh’s city centre (the
“Hotel”) for £25.27 million (the “Acquisition”), representing a net initial yield of approximately
6.9%.
The Hotel provides 138 bedrooms which have recently been extensively refurbished to provide high
quality flexible accommodation appealing to both business travellers and tourists. The five storey
Hotel has extensive food and beverage provision, meeting rooms and a small fitness centre.
The Acquisition also includes the separate heritable title of The Chanter public house, located on
the ground and basement floors of the property.
As Scotland’s capital city and the UK’s second largest financial centre after the City of London,
Edinburgh is a key hub in the UK transport network and a thriving year round tourist destination.
The Hotel will be let to Redefine Hotel Management Limited, a wholly owned subsidiary of
Redefine BDL Hotel Group Limited, in which Redefine International has a 25.28% stake.
The Acquisition will initially be funded by existing cash resources held by Redefine International. It
is anticipated that the Hotel will be housed in its 71.05% held subsidiary Redefine Hotel Holdings
Limited in due course, which is financed by Aareal Bank.
Mike Watters, Chief Executive of Redefine International, said:
“The transaction was structured on a conditional basis subject to a no vote in the Scottish
referendum. Now that the uncertainty surrounding this has been removed we are very pleased to
have secured this opportunistic investment in the city of Edinburgh which complements our existing
hotel portfolio and plays well to the management skills of Redefine BDL.”
For further information:
Redefine International P.L.C.
Michael Watters, Stephen Oakenfull Tel: +44 (0) 20 7811 0100
FTI Consulting
UK Public Relations Adviser
Stephanie Highett, Dido Laurimore, Claire Turvey Tel: +44 (0) 20 3727 1000
FTI Consulting
SA Public Relations Adviser
Max Gebhardt Tel: + 27 (0) 11 214 2402
JSE Sponsor
Java Capital Tel: + 27 (0) 11 283 0042
Notes to editors:
Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a
secondary listing on the Johannesburg Stock Exchange.
22 September 2014
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