SINGAPORE (June 18): Ascendas Hospitality Trust (A-HTRUST) is acquiring a portfolio of three hotels in Osaka, Japan, for 10.29 billion yen ($126.1 million) via Ascendas Hospitality REIT.

The consideration represents a 2.9% discount to the latest valuation of the hotels, which comprise Hotel WBF Kitasemba West, Hotel WBF Kitasemba East and Hotel WBF Honmachi, of 10.6 billion yen.

Read more on The Edge Singapore.