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ARA US Hospitality Trust prices IPO at US$0.88 per stapled security; expects to raise US$498m

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The portfolio has a total appraised value of US$719.5 million, comprising 38 upscale select-service hotels spanning 4,950 rooms in all.

Singapore

ARA US Hospitality Trust has priced its initial public offering (IPO) at US$0.88 per stapled security, according to registration documents on May 2.

The IPO comprises nearly 379.8 million stapled securities subject to an over-allotment option, comprising an international...

sentifi.com

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