Amara mulls launch of hospitality Reit

Amara mulls launch of hospitality Reit

AMARA Holdings Ltd, a Singapore-based hotel operator, may sell
hospitality assets as a real estate investment trust (Reit).
A "Reit has always been one of the options that one can consider to
go asset-light," the company said in an e-mailed response to questions
from Bloomberg News. "There are no concrete plans at the moment
and we are continuously evaluating all options including the feasibility
of launching a hospitality Reit."

Amara, led by chief executive officer Albert Teo, is considering putting
its 27-year-old Amara Singapore Hotel, along with the adjacent 100 AM
shopping mall and Amara Sanctuary Resort Sentosa into a Reit and
selling the assets in an initial public offering (IPO), according to a person
with knowledge of the matter.
The IPO could take place next year, the person said, asking not to be
identified as the deliberations are private. Amara declined to comment
on any IPO plans.

Source: Business Times