CapitaLand Ascott Trust divests two hotels in Australia for A$109.0 mil
The divestment of CapitaLand Ascott Trust’s (CLAS) two properties in Sydney, Australia is part of its active portfolio reconstitution strategy. The two hotels, Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Paramatta, will be divested at about 5% above book value, for a total of A$109 million ($95.6 million). The divestments are expected to be […]