Monday, 15 August 2016

Share Market Update : Ascendas Hospitality Trust denies plans to divest Melbourne hotels .


SINGAPORE (Aug 15): Ascendas Hospitality Trust has issued a clarification denying it is currently contemplating the divestment of its Pullman and Mercure hotels at Albert Park, Melbourne.

This comes as The Australian reported in an article titled "Ascendas readies $150m checkout of Pullman and Mercure hotel" on August 11 that the trust is arranging to put on the market the properties.

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