Singapore's ARA Group forays into the US, acquires 38 Hyatt service hotels

Singapore's ARA Group forays into the US, acquires 38 Hyatt service hotels

Illuminated signage is displayed outside the Hyatt Place hotel in Chicago, Illinois, U.S.. Photographer: Christopher Dilts/Bloomberg

As part of its global expansion plans, Singapore-based ARA Asset Management on Monday announced its foray into the US market with the acquisition of 38 select service hotels under the Hyatt brand.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter