But if prices are increased occupancy may fall, especially because local tourism is still struggling to recover
Of all the companies that were hammered by the pandemic, City Lodge must be near the top of the list for the most severe impact.
It’s not every day that you see a 13-for-one rights offer in the market; a highly dilutive equity capital raise back in 2020 that practically held a gun to the heads of shareholders. You can’t exactly blame City Lodge for this, as the pandemic nearly killed off the group...
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