Eagle Hospitality Trust says sponsor won't lose its key Queen Mary lease

Singapore

EAGLE Hospitality Trust (EHT) said that its sponsor, Urban Commons (UC), is in no danger of losing its lease on the Queen Mary floating hotel which forms part of the trust's assets.

EHT was responding to recent media reports that the city of Long Beach in California, where the former luxury cruise liner is docked, had sent a letter on Oct 1 claiming UC had not met its lease obligations to maintain the historic ship, which had fallen into disrepair.