Sponsor will pay for Queen Mary repairs: Eagle Hospitality Trust
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Singapore
URBAN Commons, the sponsor of Eagle Hospitality Trust (EHT), is responsible for all the repair work that EHT's Queen Mary floating hotel requires, and these expenses will not come out of EHT's own pocket, the trust clarified on Monday.
EHT also clarified that a 2017 marine survey of the Queen Mary that resurfaced last week in an article published by The Edge Singapore is now more than two-and-a-half years old, and "grossly overstated the nature, scope and cost of the repairs required at the Queen Mary".
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