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Eagle Hospitality's hotel managers issue default notices to sponsor; FTI hired for restructuring

Wells Fargo issues notice of default, demand for payment of loan in relation to US$35m mortgage

Queen Mary.jpg
Master lessees of 16 EHT properties including The Queen Mary (pictured) received notices of default from their hotel managers.

Singapore

THE managers of Eagle Hospitality Trust (EHT) on Friday disclosed that the master lessees for 16 of its 18 hotels have received notices of default from the relevant hotel managers under their hotel management agreements (HMAs).

This was because the master lessees - under...

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