News: HPI Hotel Property Investments Says Strategic Asset Sales And Capital Investment Program

March 22 (Reuters) - Hotel Property Investments (HPI) :

• STRATEGIC ASSET SALES AND CAPITAL INVESTMENT PROGRAM
• DEAL FOR A$48.6 MILLION
• ENTERED INTO BINDING DOCUMENTATION TO SELL FOUR ASSETS TO AUSTRALIAN VENUE CO
• PROCEEDS FROM ASSET SALES TO BE ALLOCATED TO CAPITAL INVESTMENT PROGRAM
• DEALS WITH AUSTRALIAN VENUE TO INVEST UP TO A$50 MILLION TO ENHANCE VENUES IN PORTFOLIO
• MAINTAINS FY24 DISTRIBUTION GUIDANCE OF 19.0 AU CENTS PER SECURITY
• SEES FURTHER A$26.3 MILLION INVESTMENT IN OTHER ASSETS ACROSS CO'S PORTFOLIO

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