(Updates: Please see changes to the revenue assumptions, FY 2013 is based on 8 months rather than full year. This is implied from the assumption on page 46.  ”the assumption that the Listing Date is 27 July 2012 and that prior to the Listing Date, A-HTRUST, A-HREIT and its subsidiaries (the “A-HREIT Group”) and A-HBT and its subsidiaries (the “A-HBT Group”) are inactive.” )

Ascendas Hospitality Trust (AH Trust) is finally going to list, following a withdrawal initially due to poor market sentiments in May this year. Similarly, M&L Hospitality Trust (M&L Trust) scrapped its plans to list as well. The deal was finally done and delayed due to Pullman Ambassador Changwon hotel in South Korea. Apparently, injunctions has been made against the South Korean hotel affecting the ability to complete the acquisition in time and Ascendas decided to proceed without it. This leaves Ascendas Hospitality with 10 …