Corporate digest

Eagle Hospitality Trust

EAGLE Hospitality Trust (EHT) properties' valuation, as of Aug 31, is US$726.9 million - a 38.1 per cent decrease from its initial public offering (IPO) valuation of US$1.21 billion, showed an exchange filing.

The initial valuation was as at Dec 31, 2018, ahead of EHT's IPO.

Professional services firm Colliers noted in its valuation report that the decrease is due to the negative impact of Covid-19 on property operating metrics. This led to an increase in risk premium being demanded by investors in the hospitality sector, the real estate investment trust (Reit) manager sa…

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