Ascott Residence Trust - OCBC Investment 2016-03-15: Second acquisition in the US
REITASCOTT RESIDENCE TRUST A68U.SI Ascott Residence Trust: Second acquisition in the US
- Ascott Residence Trust (ART) announced that it has entered into a conditional sale and purchase agreement to acquire a hotel known as Sheraton Tribeca New York Hotel located in Downtown Manhattan, US.
- The purchase consideration is US$158m (~S$218m), which represents a 4.8% discount to the independent valuation of US$166m.
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