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Ascendas H-Trust signs lease agreement with Japan's Sunroute

The 10-year lease agreement for the Osaka Namba Washington Hotel Plaza will start on Jan 1, 2016. The business class hotel is located in the heart of Minami, one of Osaka's most prominent dining, entertainment and shopping districts.


ASCENDAS Hospitality Trust has entered into a fixed-term building lease agreement with Japanese hotel operator Sunroute for the operation of Osaka Namba Washington Hotel Plaza, one of the 12 hotels in its portfolio.

The agreement will start on Jan 1, 2016, on a 10-year