Another week, another US hospitality trust IPO. Here are articles from news articles and bloggers who wrote about this.
IPO details from The Business Times
IPO details from The Business Times
The offering price is US$0.78 per stapled security. A
total of 580.6 million stapled securities are being offered, comprising an
international placement of 535.7 million stapled securities to investors,
including institutional and other investors in Singapore, and an offering of
44.9 million stapled securities to the public in Singapore.
EHT is a stapled group comprising Eagle Hospitality
Real Estate Investment Trust (EH-Reit) and Eagle Hospitality Business Trust
(EH-BT). It has an initial portfolio of 18 full-service hotel properties, with
a total of 5,420 rooms and an aggregate valuation of about US$1.27 billion.
Projected annualised yield from 1st May 2019 to 31st Dec 2019 is 8.2%
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