Eagle Hospitality Trust’s status as a listed stapled security comprising a REIT and business trust is approaching its endgame. Its portfolio has been protected under Chapter 11 since January this year.
Now, according to the latest announcement by DBS Trustee, the US Bankruptcy Court at the sale hearing has approved of the sale of 14 Chapter 11 properties (see table). DBS Trustee is overseeing the sale of Eagle Hospitality Trust’s assets under Chapter 11 protection in accordance with local regulations where it acts in the interests of the stapled security and its unitholders.
