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REITs
More twists and turns at Eagle Hospitality Trust
In yet another twist in the Eagle Hospitality Trust saga, Urban Commons has put forward two resolutions to recapitalise the trust
December 19, 2020
REITs
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) administered by the United States Small Business Adminis
August 14, 2020
Company in the news
Queen Mary halts operations; Urban Commons remains committed to lease
As at end-March, Eagle Hospitality Trust says that some 14 out of its 18 hotels have ceased operations due to the Covid-19 outbreak. And with 100,000 visitors per month, the Queen Mary will be among the last places in Long Beach to reopen.
May 22, 2020
REITs
EHT's default not just caused by Covid-19 and hurricanes but by a valuation deficit
On its first day of trading on May 24, 2019, Bank of America, which was one of the underwriting banks, sold more than four million units of EHT at 71 cents.
March 27, 2020
REITs
Eagle Hospitality Trust: 'Significant misrepresentation' in Long Beach Post article
Singapore (Dec 9): Eagle Hospitality Trust (EHT) has released a statement today defending its property the Queen Mary, a cruise liner that was converted into a hotel. The statement, it added, is to provide context and clarification to an article published
December 09, 2019
REITs
Eagle Hospitality Trust could get wings clipped as key asset The Queen Mary sinks into disrepair
SINGAPORE (Oct 23): The Queen Mary Long Beach, a decommissioned ocean liner that has now been converted into a 347-room upscale hotel in California, is one of the key assets in the 18-property portfolio of Eagle Hospitality Trust.
October 23, 2019