The Queen Mary Longbeach, a property of Eagle Hospitality Trust. (Eagle Hospitality Trust)

The manager of embattled US-focused hospitality trust, Eagle Hospitality Trust (EHT), has responded to queries from the Singapore Exchange (SGX) in the wake of a 15% decline in its unit price.

At its last trading session on 25 October, EHT retreated from USD0.60 to USD0.54, on mounting concerns over its property known as the Queen Mary.

The property is a decommissioned British ocean liner that has been converted into 347-room hotel and banquet facility in Long Beach, California.

Related: Eagle Hospitality Trust plunges by 13% despite reassurances on ship property

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.