Quite a few readers asked me about investing in hospitality trusts and they usually ask me about FEHT or CDL HT. This is not surprising because they have a stronger presence in Singapore.
I don't have a stake in either and with the oversupply of hotel rooms in Singapore, it is probably the case that hospitality trusts with a bigger exposure in Singapore will continue to struggle. Beyond this, I don't have anything more specific to say about the trusts.
Having said this, I do have a good size investment in a hospitality trust, namely, Ascendas Hospitality Trust (AHT).
Newer readers might not know this but I first invested in AHT in 2014. I did not invest in AHT during its IPO as I found the financial engineering to boost DPU distasteful. You can read more about this in related post #1 at the end of this blog......