Minor Delays Plan for $1 Billion Hotel REIT

Skift Take Minor International is postponing its plan to float a real estate investment trust (REIT) with some of its hotels. A hoped-for Mideast ceasefire might reduce investor worries about inflation and make hotels more attractive as investments. Minor International said Thursday that it would delay a planned launch of a hotel real-estate investment trust (REIT) on the Singapore stock exchange because of unfavorable market conditions. "The proposed Minor International hotel REIT was temporarily put on hold given broader macroeconomic uncertainty, particularly around inflation and interest rates, as well as ongoing geopolitical risk," the company said i