Singapore-based Eagle Hospitality REIT (EH-REIT), which is a part of the beleaguered Eagle Hospitality Trust (EHT), has obtained approval from the United States Bankruptcy Court in the District of Delaware to sell off 14 properties of the debtor companies for a total price of $481.9 million, reported Business Times.
The approval comes after Christopher Sontchi, a bankruptcy judge in the District of Delaware, overruled the objections filed against the sale of these properties, said EHT’s trustee, DBS Trustee, in a bourse filing.
