Ascendas Hospitality Trust acquires Osaka portfolio of hotels for $126.1 mil

By Michelle Zhu / The Edge Singapore | June 18, 2018 11:12 AM SGT
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.
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