Ascendas Hospitality may attract more than one offeror

Singapore

THERE is likely going to be more than one bid for Ascendas Hospitality Trust (A-HTRUST).

The Business Times understands from people close to the deal that managers of the real estate investment trust (Reit) have begun inviting other interested bidders to put in their offers for the Reit.

This followed the trust's Dec 23 announcement that it was reviewing its options after receiving an unsolicited expression of interest (EOI) to buy out all its stapled securities.

In response to BT's request for confirmation of this news on Tuesday, Tan Juay Hiang, CEO of the managers, reiterated its Dec 23 announcement, saying: "The managers initiated …