Photo Credit: A guest room at a suite at Tivoli Palazzo 1880 Lecce Hotel. Minor Hotels
Minor International is postponing its plan to float a real estate investment trust (REIT) with some of its hotels. A hoped-for Mideast ceasefire might reduce investor worries about inflation and make hotels more attractive as investments.
LinkedIn X Facebook Email Gift How might the delayed REIT affect Minor's ability to fund its expansion to 850 hotels by 2029? Which specific hotels from Minor's portfolio were expected to be included in the REIT? What market conditions would need to improve for Minor to move forward with the listing? Select a question above or ask something else
Minor International said Thursday that it would delay a planned launch of a hotel real-estate investment trust (REIT) on the Singapore stock exchange because of unfavorable market conditions.
"The proposed Minor International hotel REIT was temporarily put on hold given broader macroeconomic uncertainty, particularly around inflation and interest rates, as well as ongoing geopolitical risk," the company said i
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Tags: asset sales , asset-light , IPOs , middle east , minor international , REITs , singapore
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