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DBS 'generally positive' on Ascendas Hospitality Trust's South Korea hotel acquisition

Stanislaus Jude Chan
Stanislaus Jude Chan4/30/2018 01:13 PM GMT+08  • 2 min read
DBS 'generally positive' on Ascendas Hospitality Trust's South Korea hotel acquisition
SINGAPORE (Apr 30): DBS Group Research remains positive on Ascendas Hospitality Trust (A-HTRUST), following the REIT’s maiden entry into South Korea.
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SINGAPORE (Apr 30): DBS Group Research remains positive on Ascendas Hospitality Trust (A-HTRUST), following the REIT’s maiden entry into South Korea.

A-HTRUST last Friday announced it is acquiring a 98.7% stake in KY-Heritage Hotel Dongdaemun for KRW72.1 billion ($89 million).

The 215-room four-star hotel sits on a plot of freehold land in Dongdaemun, a major shopping and tourist destination in Seoul.

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