The Shengjie Accommodation Real Estate Investment Trust adds beds to the Seattle Umei project | Lianhe Zaobao
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Victory Hospitality Real Estate Investment Trust has obtained a temporary license to develop an additional six-story building in Xi'awu, and to renovate the existing eight-story building, increasing the number of beds from 1,650 to 2,190. The project is expected to start in the second quarter of this year and be completed in about a year and a half, while the existing building will continue to operate and generate revenue. The trust's stock price fell 1.75% to HKD 1.12
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