Ascendas Hospitality Trust acquires 2nd Seoul hotel for S$95 mil

Ascendas Hospitality Trust acquires 2nd Seoul hotel for S$95 mil
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SINGAPORE (Nov 28): Ascendas Hospitality Trust (A-HTRUST) is acquiring Ibis Ambassador Seoul Insadong for KRW77.5 billion (S$94.5 million).

Completed in 2013, the 363-room hotel is located near Jung-gu, one of the major business districts in Seoul. The hotel also has a restaurant, a bar, two meeting rooms, a gym, a sauna, as well as 24 carpark spaces.

A-HTRUST’s manager says the hotel is located in close to prominent tourist destinations, including...(click on link for full story on theedgesingapore.com)