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 Acquires 3 Service Hotels
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ARA US Hospitality Trust