SINGAPORE (Oct 23): The Queen Mary Long Beach, a decommissioned ocean liner that has now been converted into a 347-room upscale hotel in California, is one of the key assets in the 18-property portfolio of Eagle Hospitality Trust.

But following a series of damning reports by an independent inspector hired by the City of Long Beach, Eagle Hospitality Trust could soon lose its prized possession.

Under a 2016 lease agreement, Urban Common – the sponsor of Eagle Hospitality Trust – was tasked with the repair of The Queen Mary in exchange for a 66-year lease on the property.

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