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A-HTRUST’s Park Hotel Clarke Quay

CapitaLand to merge S-REITs into Asia-Pacific’s largest hospitality trust

Singapore's CapitaLand, which completed its merger with Ascendas-Singbridge this week, plans to combine the Ascott Residence and Ascendas Hospitality trusts into Asia Pacific's largest...
Ibis Ambassador Seoul hotel (image: Ascendas Hospitality Trust)

Ascendas Hospitality Trust snags $69m Seoul hotel amid tourism recovery

Singapore-listed Ascendas Hospitality Trust has snapped up the Ibis Ambassador Seoul Insadong hotel in the South Korean capital for KRW77.5bn (US$69m), as the city’s tourism...