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CapitaLand Ascott Trust acquires two hotels in Japan for JPY21 billion

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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 […]