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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
