CapitaLand Ascott Trust divests two hotels in Australia for A$109.0 mil
Enjoying the content? CLAS, the trust vehicle under CapitaLand Ascott Trust, is divesting two hotels in Sydney, Australia for a total of A$109 million ($95.6 million). The exit yield is 4.4% based on CLAS’s FY2022 ebitda and the trust will recognise a gain of A$14.2 million. Serena Teo, the CEO of the managers, notes that […]