Hotel Property Investments: Result 2015

HPI may internalise management if it is successful in obtaining an AFSL.

We love to see dull results from property trusts like Hotel Property Investments, and this one fitted the bill, with the excitement being limited to news that it had applied to ASIC for an Australian Financial Services Licence (AFSL). The application was made ‘to give [HPI] flexibility and ultimately reduce costs in future’, which in plain English means HPI will consider internalising its management to reduce costs.

The timing will depend on when (and if) ASIC approves the application, so any change is unlikely before this year’s AGM in November.

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