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MAS moves to oust the manager of Eagle Hospitality Trust - THE EDGE SINGAPORE

Company in the news

MAS moves to oust the manager of Eagle Hospitality Trust

The Monetary Authority of Singapore is directing the trustee of Eagle Hospitality Real Estate Investment Trust to remove the REIT’s manager and to appoint a new manager.


Eagle Hospitality Trust’s manager and trustee outline restructuring and rehabilitation plans

Eagle Hospitality Trust’s manager and trustee announced on Sept 23 that they have taken the first steps in a rehabilitation plan.


Eagle Hospitality Trust announces 1H2020 loss, itemises defaults and non-payments by Urban Commons

Eagle Hospitality Trust -which owns 18 hotels including the Queen Mary Long Beach, a ship - announced 2Q2020 and 1H2020 results on Aug 14. The costs have ballooned.


More updates on Eagle Hospitality Trust

On Aug 14, Eagle Hospitality Trust’s manager and trustee said they discovered an unauthorised loan application dated May 18, 2020 made under the United States Paycheck Protection Program (PPP) admi


Eagle Hospitality Trust update: Urban Commons and the audacity of hope

In a somewhat audacious move, on Aug 12, Urban Commons, the sponsor of Eagle Hospitality Trust when it listed in May last year, issued a press release full of angst.

Regulatory Action

Eagle Hospitality Trust to 'cooperate fully' with MAS, CAD investigations; MAS reviewing proposed change of manager

SINGAPORE (June 8): Eagle Hospitality Trust (EHT) has confirmed that its current directors of the manager have attended interviews with the Monetary Authority of Singapore (MAS) to assist in invest

Company in the news

Eagle Hospitality Trust to sacrifice distributions for the 'preservation and protection' of portfolio

SINGAPORE (May 27): Unitholders of beleaguered Eagle Hospitality Trust (EHT) will not receive any distributions for the period of May 24, 2019 to Dec 31, 2019 as the trust scrambles to utilise its

Company in the news

Queen Mary halts operations; Urban Commons remains committed to lease

SINGAPORE (May 22): Eagle Hospitality Trust’s (EHT)’s sponsor, Urban Commons has pledged its commitment to the Queen Mary Long Beach, its second largest asset which has been dogged by controversy.


Eagle Hospitality Trust is a lost cause, unitholders’ hopes hinge on full investigation

SINGAPORE (May 22): This afternoon, we received an open letter from a unitholder of Eagle Hospitality Trust.

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