The sale is said to be 39.4% accretive to the trust’s DPS on a pro forma basis.

The managers of ARA US Hospitality Trust are proposing to sell four Hyatt Place hotels for a total consideration of US$32.5 million ($45.2 million).

On June 30, ARA US Hospitality Trust’s indirectly wholly-owned subsidiary, ARA USH Chicago entered into a conditional purchase and sale agreement with Three Wall Capital, who will be purchasing the portfolio of hotels.