Ascendas Hospitality IPO

Ascendas Hospitality Trust launches Singapore IPO

The trust, which first started pre-marketing in May, has signed up three cornerstone investors for the $450 million deal and is offering a yield of up to 7.8% for March 2013.
<div style="text-align: left;"> Cornerstone investor Accor manages a portfolio of hotel brands, including Ibis </div>
<div style="text-align: left;"> Cornerstone investor Accor manages a portfolio of hotel brands, including Ibis </div>
July 11, 2012

Ascendas Hospitality Trust has launched an initial public offering that could raise up to S$573 million ($450 million), sources said yesterday.

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