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EHT's sponsor dogged by payment disputes

Some original investors, a hotel management firm, City of Pasadena and California bank also say they're owed money

Published Thu, Apr 23, 2020 · 09:50 PM

Singapore

INVESTORS in Eagle Hospitality Trust (EHT) are not the only ones who have faced difficulty collecting money from master lessee and Reit sponsor Urban Commons (UC) over the years, The Business Times can reveal.

EHT was listed in Singapore last May with an initial portfolio of 18 US hotels. Twelve came from UC, a Los Angeles (LA)-based real estate firm jointly owned by Howard Wu and Taylor Woods. Six were acquired from ASAP Holdings, a family office.

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