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CapitaLand Ascott Trust divests two hotels in Australia for A$109.0 mil

November 6, 2023 /0 Comments/in Misc /by championswaycondo

CapitaLand Ascott Trust (CLAS) has announced the divestment of two of its hotels in Sydney, Australia, for a total of A$109 million ($95.6 million). The two properties, Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Paramatta, are expected to be sold at around 5% over book value, with the trust netting A$98 million in proceeds […]