SGX-listed ARA US Hospitality Trust to acquire US hotels for $84.5m

SGX-listed ARA US Hospitality Trust to acquire US hotels for $84.5m

AC Hotel Raleigh North Hills. Photo: Hotel website

ARA US Hospitality Trust (ARA H-Trust), the hospitality stapled group of ARA Asset Management, has entered into an agreement to acquire three US-based Marriott-branded hotels for $84.5 million, according to a stock exchange filing.

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