Difficult situation has required stepping up in 'unprecedented manner': EH-Reit's trustee

Singapore

FUNDS available to Eagle Hospitality Real Estate Investment Trust (EH-Reit) are "depleting… on a daily basis", as it costs money to maintain and operate the existing hotel properties.

And DBS Trustee, which as the trustee of EH-Reit has been saddled with the task of looking after the interests of the various stakeholders of Eagle Hospitality Trust (EHT), said there are few options available.