The sale price of the 336-unit hotel translates to an exit Ebitda yield of 2.3%, and CLAS will recognise a net gain of some $38.1 million from net proceeds of $341.7 million.
OCBC Group Research analyst Ada Lim is staying “buy” on CapitaLand Ascott Trust (CLAS) with an unchanged fair value estimate of 95 cents after its “opportunistic divestment” of The Robertson House by The Crest Collection in Singapore for $360 million, announced on May 29.
The sale price of the proposed divestment to an unrelated third party is a 4.0% premium to an independent valuation of $346 million as at end-2025, according to CLAS. CLAS has declined to reveal the identity of the buyer.
