KUALA LUMPUR (Oct 9): YTL Corp, parent of YTL Hospitality REIT's plan to inject U.K. hotels worth RM1 billion into the REIT's portfolio is positive as it is yield-accretive, particularly for master lease hotels which have lower occupancy and earnings risks, Maybank Kim Eng says. 

YTL Hospitality owns and operates five luxury hotels across the U.K, including the Academy in Bloomsbury district and Threadneedles in London. These hotels are performing well in terms of occupancy and revenue, while yielding over 6% annually, the brokerage says.

Maybank maintains a buy on YTL Hospitality with an unchanged price target of RM1.50. The REIT last closed at RM1.33.