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Ascendas Hospitality Trust denies plans to divest Melbourne hotels

Zavier Ong Published on Mon, Aug 15, 2016 / 8:02 AM GMT+8

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SINGAPORE (Aug 15): Ascendas Hospitality Trust has issued a clarification denying it is currently contemplating the divestment of its Pullman and Mercure hotels at Albert Park, Melbourne.

This comes as The Australian reported in an article titled “Ascendas readies $150m checkout of Pullman and Mercure hotel” on August 11 that the trust is arranging to put on the market the properties.

See Ascendas Hospitality Trust to sell Melbourne hotel for over A$150 mil: Media reports

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