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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

Published Wed, Nov 6, 2019 · 09:50 PM
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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.

The freehold properties benefit from diversified demand from nearby corporations…

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