The combined entity will become the largest hospitality trust in Asia Pacific and the 8th largest globally, with an asset value of $7.6 billion.
SINGAPORE (July 3): Ascott Residence Trust (ART) and Ascendas Hospitality Trust (AHT), both members of the CapitaLand group after its acquisition of Ascendas-Singbridge, are proposing a deal which will result in the combination of both entities into one.
