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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