Ascendas Hospitality Trust prices $364 million Singapore IPO

The trust gets the deal done despite a last minute change to its hotel portfolio and prices at a 7.9% yield for the current fiscal year.
<div style="text-align: left;"> The Pullman Ambassador Changwon, which has been dropped from the deal </div>
<div style="text-align: left;"> The Pullman Ambassador Changwon, which has been dropped from the deal </div>
July 19, 2012

Ascendas Hospitality Trust will raise S$459.3 million ($364 million) from its initial public offering in Singapore after it dropped one hotel from its portfolio and fixed the price at the bottom of the range.

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