CapitaLand Ascott Trust acquires two hotels in Japan for JPY21 billion

CapitaLand Ascott Trust (CLAS) has acquired two freehold limited-service hotels in Japan for a total of JPY21 billion ($178.5 million). The two hotels are ibis Styles Tokyo Ginza located in the country’s capital and Chisun Budget Kanazawa Ekimae situated in Kanazawa. The acquisition is priced at an 8.3% discount to independent valuation. On a FY2024 pro […]