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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

QueenMary-EHT.jpg
Urban Commons has been trying to find a buyer for a US$89 million loan. Buyer interest waned, however, after concerns over the value of EHT's second-largest asset - the Queen Mary floating hotel in California - and the size of its repairs bill came to the fore late last year.

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...

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