Minor Delays Plan for $1 Billion Hotel REIT

Minor International has delayed its planned hotel REIT listing on the Singapore Stock Exchange due to macroeconomic uncertainty, particularly inflation, interest rates, and geopolitical risk. The REIT, valued at roughly $1 billion, was originally expected to launch around mid-2025. Despite the delay, Minor reaffirmed its growth targets of 15-20% annual profit growth through 2028 and expanding its portfolio from 636 to 850 hotels by 2029.