In a regulatory filing on Tuesday, EHT managers noted that both the US and global hospitality markets continue to deteriorate at an “accelerated pace” due to the Covid-19 pandemic, bringing about steep and unprecedented declines in national occupancy levels.
SINGAPORE (Mar 24): Troubles have hit a crescendo for Eagle Hospitality Trust (EHT) and its investors, as the REIT requested for the trading of its shares to be voluntarily suspended before market open on Tuesday.
“The managers have decided to suspend the trading of the staples securities on a voluntary basis to protect the interests of the stapled securityholders, and to ensure that no person trades the stapled securities without sufficient information required to make an informed decision,” says EHT.
