A-HTRUST: Completes Acquisition Of Award-Winning Park Hotel Clarke - TopicsExpress

A-HTRUST: Completes Acquisition Of Award-Winning Park Hotel Clarke Quay. 28 Jun 2013 14:30 Ascendas Hospitality Real Estate Investment Trust is pleased to announce the completion of the acquisition of Park Hotel Clarke Quay from Parksing, a member of the Park Hotel Group. The conditional sale and purchase agreement for A-HREIT to acquire Park Hotel Clarke Quay at S$300 million was signed on 5 April 2013. Following the completion of the acquisition, the Park Hotel Group will continue to operate the hotel under a master lease for a term of 10 years, with an option to extend for another 5-year term subject to mutual agreement... shareinvestor/news/news.html?source=regional_si_express&nid=64155

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