Acrophyte Hospitality Trust proposes disposal of Michigan hotel for US$6.7 million

News about Acrophyte Hospitality Trust
Acrophyte Hospitality Trust has proposed the disposal of a hotel in the US city of Auburn Hills in Michigan for a consideration of around US$6.7 million, said managers of the stapled group on Thursday (Jun 5).

Through its indirect wholly owned subsidiary ARA USH Chicago, the stapled group on Wednesday entered into a conditional purchase and sale agreement to sell Hyatt Place Detroit/Auburn Hills to AHM Hospitality.
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Acrophyte Hospitality Trust
Price0.260 USD
NAV0.690 USD
Yield (4 quarters)4.92%
Gearing42.6%