The Trust is externally managed by Acrophyte Hospitality Trust Management Pte. Ltd (“REIT-Manager”) and Acrophyte Hospitality Business Trust Management Pte. Ltd. (“Trustee-Manager”), collectively the Managers.
The REIT-Manager has general powers of management over the assets of ACRO-REIT The REIT-Manager's main responsibility is to manage ACRO-REIT's assets and liabilities for the benefit of the holders of ACRO-REIT Units. The REIT-Manager will set the strategic direction of A-H-REIT and give recommendations to the REIT Trustee on the acquisition, divestment, development and/or enhancement of the assets of ACRO-REIT in accordance with its stated investment strategy.
The REIT-Manager has been issued a capital markets services licence for REIT management (the "CMS Licence") pursuant to the SFA on 2 May 2019 and is regulated by the MAS.
The Trustee-Manager has the dual responsibilities of safeguarding the interests of the holders of ACRO-BT units, and managing the business conducted by ACRO-BT. The Trustee-Manager has general powers of management over the business and assets of ACRO-BT and its main responsibility is to manage ACRO-BT's assets and liabilities for the benefit of the holders of ACRO-BT Units.
