SINGAPORE (Oct 22): The unitholders of Ascott Residence Trust (Ascott REIT) and Ascendas Hospitality Trust (A-HTRUST) have voted overwhelmingly in support of the proposed combination of the two hospitality real estate investment trusts.

At their respective extraordinary general meetings (EGMs) and scheme meetings on Monday, Ascott REIT and A-HTRUST received strong approval of over 99% of the total number of votes from unitholders.

The combined entity, which will continue to be named Ascott Residence Trust, will have a quality portfolio of 88 properties across 39 cities in 15 countries.

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