Dec 21 (Reuters) - Hotel Property Investments Ltd HPI.AX
* Expected distribution, refinancing and property revaluation
* Total expected distribution for half year of 22.2 cents
* Has refinanced its outstanding loan facilities, entering into new 3 and 5 year loans with Commonwealth Bank And Westpac
* Aggregate limit of facilities is $285 million, with $247.3 million drawn or committed at 21 december 2016
* Expected distribution of 9.7 cents per stapled security from trading operations for half year ending 31 december 2016
* Board amended its valuation policy, it will obtain independent valuations for at least 50% of properties each year
* Commissioned independent valuations for property portfolio; total valuation at $644.8 million, an increase of $56.5 million Source text for Eikon: ID:nASX752Bbw Further company coverage: HPI.AX