Unitholders give overwhelming support to merger of Ascott Reit, A-HTrust

Singapore

UNITHOLDERS of Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) have given overwhelming support to the proposed merger of the two entities.

The resolutions were passed in two separate extraordinary general meetings on Monday.

This will pave the way for Ascott Reit, Singapore's first and biggest hospitality trust with S$5.7 billion in total assets, to become the largest hospitality trust in the Asia-Pacific and the eighth largest globally w…