Singapore's Ascendas Hospitality acquires three Japan hotels for $93m

Singapore-listed Ascendas Hospitality Trust (A-HTrust) is acquiring a portfolio of three hotels in Osaka, Japan for ¥10.29 billion ($93 million), deepening its presence in the Japanese city with a strong hospitality market.

In a disclosure to the Singapore Exchange on Monday, A-HTrust said, it will acquire Hotel WBF Kitasemba West, Hotel WBF Kitasemba East, and Hotel WB Honmachi via Ascendas Hospitality Real Estate Investment Trust.