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Eagle Hospitality Trust announces further defaults; total liabilities incurred by master lessees at $70.8 mil, instead of $62.3 mil as previously reported

Felicia Tan
Felicia Tan6/22/2020 12:27 PM GMT+08  • 6 min read
Eagle Hospitality Trust announces further defaults; total liabilities incurred by master lessees at $70.8 mil, instead of $62.3 mil as previously reported
The manager of Eagle Hospitality Trust (EHT) announced Sunday evening (June 21) that it has received additional notices of default by certain master lessees under the hotel management agreements.
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SINGAPORE (June 22): The manager of Eagle Hospitality Trust (EHT) announced Sunday evening (June 21) that it has received additional notices of default by certain master lessees under the hotel management agreements.

This comes as a result of their failure to provide and maintain sufficient working capital for the hotel’s operations.

Default of payment

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