News about CapitaLand Ascott Trust —
Ascendas Hospitality Reit loses S$6.2 million hotel refurbishment claim against Park Hotel liquidators
The Court of Appeal has rejected S$6.2 million from Ascendas Hospitality Reit’s (AH-Reit) S$32.1 million claim against the shuttered Park Hotel Clarke Quay, finding that the income losses arising from a voluntary refurbishment exercise are not recoverable from a defaulting tenant....read more on The Business Times
AH-Reit has since been absorbed into CapitaLand Ascott Trust, following Ascendas Hospitality Trust’s merger with Ascott Residence Trust in December 2019.