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Valuation of Sing Holdings' Melbourne hotel could take a hit from Covid-19

Vivienne Tay

Vivienne Tay

Published Mon, Apr 20, 2020 · 09:50 PM

Singapore

THE auditor of Sing Holdings' trusts in Australia has flagged that the valuation of hotel Travelodge Docklands in Melbourne might have "materially changed" by the date of its report.

This was due to the impact of the Covid-19 pandemic on demand for travel and accommodation services in Australia, the mainboard-listed property development and investment group disclosed in a regulatory filing on Sunday.

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