Manager of Eagle Hospitality Trust may get new partner: sponsor

Singapore

URBAN Commons, the sponsor of troubled Eagle Hospitality Trust (EHT), is planning to bring on board a "new strategic partner at the manager level" for EHT, the Los Angeles-based real estate investment and development firm said in a statement sent to The Business Times (BT).

The aim is to "stabilise, strengthen and improve operations", Urban Commons added. The firm has been in discussions for six months regarding these potential "partnerships" with Asia-based companies, Urban Commons told BT on Wednesday.