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
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.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
