SINGAPORE (April 20): Eagle Hospitality Trust’s portfolio - comprising of 18 assets including the famed Queen Mary - was valued based on its master leases by two valuers. The master lessee, Urban Commons, is also the sponsor and owner of EHT’s manager. In responses to the queries from the SGX, EHT’s manager revealed that the master lessee has not paid the master lease rent, as part of the master lease agreements, for the months of January, February and March this year.  

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