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Ascendas Hospitality Trust ends talks on potential acquisition

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Ascendas Hospitality Trust ends talks on potential acquisition

'smanagers ended all discussions related to an unsolicited expression ofinterest, or EOI, for a potential sale of the trust's entire stapled securities.

Accordingto an April 5 release, Ascendas Hospitality Fund Management Pte. Ltd. andAscendas Hospitality Trust Management Pte. Ltd. decided not to move ahead withthe transaction after evaluating proposals from various parties in connectionwith the deal.

Themanager's evaluation began in late December 2015, when it to conduct a strategic reviewafter receiving the EOI.

ByJanuary, Blackstone Group LP and Gaw Capital Partners were believed beconsidering separate bids for the S-REIT, according to a previous . Starwood Capital Groupand Fosun International Ltd. reportedlyfollowed suit in considering offers for the company later that month.