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Ascott Residence ( (SG:HMN) ) has shared an update.
CapitaLand Ascott Trust has extended the initial term of its hotel management agreement for The Cavendish London with Ascott Hospitality Management (UK) Limited by an additional five years, following the completion of its 100% acquisition of the property. The extension strengthens CLAS’s long-term operational visibility and income stability from this key London asset, reinforcing its position in the UK hospitality market and supporting its broader strategy of expanding and deepening its portfolio of income-generating lodging properties in major gateway cities.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.15 price target. To see the full list of analyst forecasts on Ascott Residence stock, see the SG:HMN Stock Forecast page.
More about Ascott Residence
CapitaLand Ascott Trust is a Singapore-based stapled group comprising CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust, focused on investing in and managing hospitality and lodging assets, including serviced residences and hotels, to generate stable income and growth for its unitholders.
Average Trading Volume: 4,915,966
Technical Sentiment Signal: Buy
Current Market Cap: S$3.64B
For an in-depth examination of HMN stock, go to TipRanks’ Overview page.