- Acquisition of KY Heritage Hotel Dongdaemun in Apr
- Acquisition of three WBF hotels in Osaka, Jun
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Ascendas Hospitality Trust (AHT) has been actively acquiring hotels since they recycled capital via the sale of two Beijing hotels in Jan this year.
The latest acquisition is the Ibis Ambassador Seoul Insadong, for a purchase amount of about S$94.5 million. It is a 363 room hotel built in 2013, sitting on freehold land near the major tourist attractions of Geongbuk Palace, Bukchon Hanok Village, Insadong cultural district and Changdeukgung Palace.
This comes hot on the heels of recent acquisitions in 2018: