The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source

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

TRENDING NOW

When Singapore tightens its building codes or introduces new heat-mitigation standards for migrant workers, it also fosters the development of high-value IP.

Singapore is showing why cooling is the next investment asset

Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More