Of the consideration, an initial deposit of US$0.1 million will be placed in the escrow account by July 23. An additional deposit of US$0.9 million will be placed in the same account by July 27.
DBS Trustee, the trustee of Eagle Hospitality REIT (EH-REIT) has announced that it has entered into a purchase and sale agreement and joint escrow instructions to sell the Crowne Plaza Dallas Near Galleria-Addison to Lockwood Development Partners for a consideration of US$15.5 million ($21.1 million).
