On Oct 23, The Edge Singapore had reported the CEO of Urban Commons had received a letter from John Keisler, the economic development director of the City of Long Beach. The letter is said to have alleged that Urban Commons had failed to meet its obligations under a 2016 lease agreement to repair and upkeep The Queen Mary.
SINGAPORE (Oct 24): The manager of Eagle Hospitality Trust (EHT) says Urban Commons, the sponsor of EHT, has confirmed that they are “not in default on The Queen Mary ground lease” and that the decommissioned ocean liner “remains safe and structurally sound”.
Now converted into a 347-room upscale hotel in California, The Queen Mary is one of the key assets in the 18-property portfolio of EHT.
