SINGAPORE (Nov 28): Ascendas Hospitality Trust (A-HTRUST) is acquiring Ibis Ambassador Seoul Insadong for KRW77.5 billion (S$94.5 million).
Completed in 2013, the 363-room hotel is located near Jung-gu, one of the major business districts in Seoul. The hotel also has a restaurant, a bar, two meeting rooms, a gym, a sauna, as well as 24 carpark spaces.
A-HTRUST’s manager says the hotel is located in close to prominent tourist destinations, including...(click on link for full story on theedgesingapore.com)