GEM COMM: Eagle Hospitality Trust Sponsor Urges Collaboration and Save REIT
Eagle Hospitality Trust Sponsor Urges Collaboration to Save REIT
- Urban Commons believes it is time to unite and deliver a sustainable survival plan for the REIT
- The Sponsor objects to deliberately being portrayed in a negative light
GEM COMM SINGAPORE, August 21, 2020 – In a Breach Notice sent to Eagle Hospitality Trust (EHT or REIT), Urban Commons (UC or Sponsor or Master Lessee), the Los Angeles-based real estate investment and development firm and Sponsor of EHT, has strongly objected to the continuous negative aspersions being levelled against it by EHT. UC believes that its reputation is being deliberately damaged at the behest of EHT’s advisors and this is against the best interests of the ordinary unitholders of the Trust as the focus should be about the survival of the business.
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