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Capital Land and Ascott Trust signs US$395 million MOU

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The value of a new MOU between Capital Land and Ascott Trust and The Ascott Limited is approximately US$395 million.

This amount will cover the acquisition of three hotels in the United Kingdom (UK), Ireland, and Indonesia.

The three hotels are The Cavendish London; a hotel in Dublin, Temple Bar Hotel; and a serviced residence in Jakarta, Ascott Kuningan Jakarta.

All three properties are in prime locations within key capital cities and close to key landmarks or attractions.

About the author


Juergen T Steinmetz

Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1977).
He founded eTurboNews in 1999 as the first online newsletter for the global travel tourism industry.

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