ARA US Hospitality Trust (ARA H-Trust) has proposed to sell hotel Hyatt Place Pittsburgh Airport at its valuation of US$7.7 million.

The move will free up capital that can be redeployed to acquire accretive, higher yield properties or pare down existing borrowings, the managers said on Tuesday (Nov 28).

They noted that the hotel is the smallest within ARA H-Trust’s portfolio, accounting for 1 per cent of its total valuation as at Dec 31, 2022. It is also one of the stapled group’s older assets and will require “sizeable capital expenditure outlay relative to its value”.