Ascendas H-Trust signs lease agreement with Japan's Sunroute
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Singapore
ASCENDAS Hospitality Trust has entered into a fixed-term building lease agreement with Japanese hotel operator Sunroute for the operation of Osaka Namba Washington Hotel Plaza, one of the 12 hotels in its portfolio.
The agreement will start on Jan 1, 2016, on a 10-year lease term and the hotel will be renovated and rebranded under the "Sunroute" brand, the group said on Monday.
