Home Capital Broker's Calls

Will Ascott's third bite of Big Apple taste just as sweet?

Samantha Chiew
Samantha Chiew6/1/2017 12:26 PM GMT+08  • 2 min read
Will Ascott's third bite of Big Apple taste just as sweet?
SINGAPORE (June 1): DBS Vickers says it is “generally positive” on Ascott Residence Trust’s most recent acquisition given the expected DPU accretion although much will depend on how it is funded.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 1): DBS Vickers says it is “generally positive” on Ascott Residence Trust’s most recent acquisition given the expected DPU accretion although much will depend on how it is funded.

ART’s manager on Wednesday announced the acquisition of its third property in Manhattan, the DoubleTree by Hilton Hotel New York in Times Square South for a consideration of US$106 million ($148.4 million).

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.