You are here

Ascott Residence Trust acquires hotel in Tokyo

ASCOTT Residence Trust (ART) has announced its acquisition of a hotel in Tokyo's Shinjuku area for eight billion yen (about S$95.2 million).

The acquisition will be accretive at an earnings before interest, tax, depreciation and amortisation (Ebitda) yield of 4.3 per cent and is expected

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom