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). Through this divestment, CLAS will net proceeds of A$98 million as well as a net gain of A$14.2 million. The two properties, Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Paramatta, are expected to be divested […]