Brief: ARA US Hospitality Trust Says To Acquire Portfolio Of 3 Marriott-Branded Hotels

Acrophyte Hospitality Trust

06/11/2019 01:04

Nov 6 (Reuters) - ARA US Hospitality Trust  ARAU.SI :
    * TO ACQUIRE A PORTFOLIO OF THREE MARRIOTT-BRANDED HOTELS IN
UNITED STATES FOR US$84.5 MLN
    * ACCRETIVE ACQUISITION EXPECTED TO INCREASE ARA H-TRUST'S
PRO
FORMA DISTRIBUTION INCOME FROM LISTING DATE ON 9 MAY TO 30 SEPT
    * EXPECTED INCREASE IN ARA H-TRUST'S PRO FORMA DISTRIBUTION
INCOME
BY US$1.4 MLN

Source text for Eikon:  ID:nSN7MQ5T6 
Further company coverage:  ARAU.SI 

 ((Reuters.Briefs@thomsonreuters.com;))