Ascott Residence Trust / Ascendas Hospitality Trust merger

Overview:

• CapitaLand subsidiary Ascott Residence Trust and real estate investment trust (REIT) Ascendas Hospitality Trust are set to form a S$1.2 billion merger that will become Asia-Pacific's largest-ever hospitality trust worth S$7.6 billion.
• The new entity stands to become the world’s eighth-largest hospitality trust.

Shah Shameer Ahmed - Researcher