Ascendas-hTrust Financial Results Ending 31 Mar 2017

“We are heartened by the performance of the portfolio in FY2016/17, and will continue to seek out opportunities to improve the portfolio. In the coming financial year, all the rooms in Hotel Sunroute Ariake will be refurbished to refresh the product offering, while some of the rooms in Pullman Hyde Park will also be renovated as the hotel seeks to capture higher yielding segments. The renovation of Mercure rooms in Pullman and Mercure Brisbane King George Square, which is currently ongoing, is expected to be completed by end of 2017.

Moving into FY2017/18, we will build on this years’ performance as we remain committed to deliver long term sustainable return to the stapled securityholders.”

Mr Tan Juay Hiang, Chief Executive Officer

1.37 cents SGD (4Q 2016/17)

Read moreAscendas-hTrust Financial Results Ending 31 Mar 2017

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