Holiday Inn Resort Orlando Suites - Waterpark, a property of Eagle Hospitality Trust. (Photo via IHG.com)

The sponsor of Eagle Hospitality Trust (EHT), Urban Commons (UC), has issued a fresh statement, accusing EHT and its advisors of misleading the trust.

The firm has also put forward a three-point plan to rescue EHT, but claims that its proposals have thus far been ignored by the trust.

The statement, which was received by REITsWeek via email on 21 August, also accuses EHT of deliberately continuing to portray UC in a negative light.


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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.