CapitaLand Ascott Trust divests two hotels in Australia for A$109.0 mil
CapitaLand Ascott Trust (CLAS) 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 CLAS will recognise a net gain of A$14.2 million from the divestment. Holland Village offers an enviable array of amenities such as supermarkets, cafes, banks, […]