In today’s roundup of regional headlines, Hong Kong’s biggest developers have joined the bidding as a tender for largest harbourfront plot in Central closed on Friday. Also in the news, Singapore’s GIC and US fund manager Nuveen are selling a… Read More>>
Eagle Hospitality Trust Completes Sale of 5 US Hotels for $155M
The liquidation of Singapore’s Eagle Hospitality Trust has started raising some hard cash as Asia’s most beleaguered REIT on Monday announced the sale of five US hotels for an aggregate consideration of $155.4 million.
The five hotels among 15 EHT… Read More>>
EHT Gets Court Nod to Sell 14 Hotels for $481.9M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, 14 hotel properties in Singapore’s Eagle Hospitality Trust clear another hurdle towards completion of their sale, while an EHT unitholder denies claims that he benefited from funds taken out of an EHT unit.
New Buyers Step Up to Boost Bids for 5 Eagle Hospitality Trust Hotels by $24.8M
Singapore-listed Eagle Hospitality Trust says five of its 15 US hotels in Chapter 11 bankruptcy received qualified bids in a second bidding round, resulting in a $24.8 million net increase in the aggregate consideration for the auctioned properties.
In early… Read More>>
Mapletree Explores US$1B Student Housing REIT IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Mapletree is reportedly in talks on the launch of a Singapore-listed student housing REIT, key stakeholders of the Myer Melbourne store make plans to cash out, and Adidas closes its shop in Hong… Read More>>
Wheelock Wins Rights to MTR Wong Chuk Hang Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong blue-chip developer Wheelock has beat out a field of local heavyweights to win the rights to the last slice of land above the MTR station in Hong Kong’s Wong Chuk Hang… Read More>>
DBS Joins Banks Surrendering HK Office Space And More Asia Real Estate Headlines
In today’s roundup of regional news headlines, DBS joins the caravan of global banks fleeing office space in Hong Kong, Singapore-listed Manulife US REIT secures its first green loan, and Eagle Hospitality Trust unitholders seek representation in a US Bankruptcy… Read More>>
Eagle Hospitality Trust Gets Initial Bid of $470M for Bankrupt Hotels
Eagle Hospitality Trust announced on Tuesday that a distressed-debt specialist had entered into a preliminary “stalking horse” agreement with entities holding 15 of its US hotel properties as the SGX-listed trust seeks an orderly disposition of the assets, which are… Read More>>
Bank of America Files to Dismiss EHT Bankruptcies and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Bank of America files a motion to dismiss the bankruptcy cases of Eagle Hospitality Trust entities, Singapore’s Perennial Holdings and partners win a bid to develop an HSR-adjacent plot in Hangzhou, and Hong… Read More>>
Eagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT Collapses
Eagle Hospitality Trust took another step towards liquidation today as the Singapore-listed REIT revealed that 27 entities within its portfolio have filed for bankruptcy in the US.
In a filing to the SGX, DBS Trustee, which is looking after the… Read More>>
