May 30, 2017 / 11:02 PM / 3 months ago

BRIEF-Ascott Residence Trust announces acquisition of property in New York

May 31 (Reuters) - Ascott Residence Trust

* Acquisition Of A Third Property In New York, United States Of America

* deal for ‍aggregate purchase consideration of us$106.0 million​

* unit entered into a conditional sale and purchase agreement to acquire hotel property known as doubletree by hilton hotel New York

* ‍acquisition is expected to contribute additional annual EBITDA of us$6.3 million​ Source text for Eikon: Further company coverage:

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