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ARA H-Trust to buy three US hotels for US$84.5m

This comes after the hospitality trust posts Q3 performance that misses IPO forecast

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Ng Ren Jye

Published Wed, Nov 6, 2019 · 09:50 PM

Singapore

ARA US Hospitality Trust (ARA H-Trust) will acquire three Marriott-branded upscale select-service hotels in the United States for US$84.5 million.

They are AC by Marriott Raleigh North Hills in North Carolina, and Courtyard San Antonio at The Rim and Residence Inn San Antonio at The Rim in Texas.

Financial results

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