Ascott Residence Trust / Ascendas Hospitality Trust merger

25/10/2019
Merger

S$ 1.2 billion

Announced

25/10/2019


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

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