Ascott REIT will soon garner substantially more financial firepower and clout over the rest of its Asia-Pacific peers in the hospitality REITs sector, given the changes that are afoot.
The combined hospitality trust that will emerge from the merger of Ascott REIT and Ascendas Hospitality Trust will have a debt headroom of about SGD1.8 billion, assuming a new gearing limit of 50%.
These were among projections given by the CEO of Ascott REIT’s manager, Beh Siew Kim, in her briefing on the merger that has been proposed for the two hospitality landlords.
Ascott REIT and Ascendas Hospitality Trust announced in early-July that it would be merging to form the largest hospitality trust in the Asia-Pacific region.
Related: Ascott REIT to merge with Ascendas Hospitality Trust in SGD1.23 billion deal
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