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A-HTRUST enters South Korean market with hotel acquisition

It acquired a majority stake in KY-Heritage Hotel Dongdaemun for 72.1 billion won

Singapore

IN ITS maiden foray into Korea, Ascendas Hospitality Trust (A-HTRUST) has, through Ascendas Hospitality Business Trust, entered into a sale and purchase agreement with KY-Development Co to acquire a majority stake in KY-Heritage Hotel Dongdaemun for 72.1 billion won (S$89.5...

sentifi.com

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