S'pore's hub status 'offers hope to hospitality sector'

S'pore's hub status 'offers hope to hospitality sector'
The Element New York Times Square West hotel in midtown Manhattan acquired by Ascott Reit, which released its third-quarter results yesterday, posting a 21 per cent rise in revenue to $113.2 million. Mr Lim Jit Poh, chairman of the manager, said six properties were acquired in Australia, Japan and the United States in the quarter.
PHOTO: Ascott Residence Trust
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