Minor International has announced a delay in the launch of its hotel real estate investment trust (REIT) planned for the Singapore stock exchange. The company cited challenging market conditions, including economic uncertainties related to inflation, interest rates, and geopolitical tensions, as reasons for the postponement.
The decision to suspend the REIT was made in response to a broader economic environment that is currently unstable. The company expressed hope that an anticipated Middle East ceasefire might alleviate some of the investor concerns regarding inflation, making hotel investments more appealing. However, for now, the REIT launch remains on hold until market conditions improve.
Reporting based on coverage first published by skift.com.