Hotel Transaction Texas
Ascott Residence Trust Secures Acquires 1,005-bed Student Accommodation Asset in Texas For US$70 Million
Ascott Residence Trust will acquire a freehold 1,005-bed student accommodation asset in Texas, USA for US$70.0 million (S$93.8 million), its third student accommodation investment within a span of seven months. One of the newest student accommodation in the area, Wildwood Lubbock is a cottage-style property which serves over 40,000 undergraduate and graduate students from Texas Tech University.