ARA US Hospitality Acquires 3 Service Hotels

News about ARA US Hospitality Trust

ARA US Hospitality Trust is announcing both its Q3 results and the acquisition of 3 new American properties. Located in Raleigh (CA) and San Antonio (TX), the three Marriott-branded hotels are all freehold properties and have a combined NPI of 8%. The purchase of US$84.5 million will be funded by debt, pushing the trust gearing from 32% to 38% and the manager expects it to be DPU accretive.

ARA US Hospitality Trust
Price0.855 USD
NAV0.870 USD
Gearing31.8%