The Business Times
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EHT DEBACLE

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

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Uma Devi

Uma Devi

Published Wed, Apr 21, 2021 · 09:50 PM

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.

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