SGX:HMN

2 stories mentioning SGX:HMNUpdated 22d ago

Every FINWIRES story that references SGX:HMN, newest first.

CapitaLand Ascott Trust to Divest Singapore Hotel for SG$360 Million

CapitaLand Ascott Trust (SGX:HMN) signed a property sale and purchase agreement to dispose of The Robertson House by the Crest Collection in Singapore for SG$360 million, according to a filing with the Singapore Exchange on Friday.The property is being sold to an undisclosed and unrelated third party, the filing said.The 336-unit hotel spans 11,056 square meters in gross floor area and has a 99-year lease that commenced Nov. 27, 2006.The divestment is expected to conclude in the third quarter of the year, with proceeds from the disposal to be used to optimize capital structure and enhance long-term returns for unitholders.

SGX:HMN

Asia54d ago

CapitaLand Ascott Trust Reports Stable Distribution Income in Q1

CapitaLand Ascott Trust (SGX:HMN) reported "relatively stable" distribution income in the first quarter, supported by divestment gains that offset lower gross profit stemming from the closures of The Cavendish London and Madison Hamburg due to renovations.Revenue per available unit rose 1% year over year in the January-to-March period, according to a Monday filing with the Singapore Exchange.As of March 31, total assets stood at SG$8.9 billion, comprising 19,000 units across 106 properties in 16 countries.

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