Acrophyte Hospitality Trust is divesting of its hotel in Auburn Hills (Michigan) for US$6.7 million:

An independent appraiser valued the property at US$7 million as at December 2024, said the managers.

Net divestment proceeds are estimated to be around US$6.2 million, after factoring in a divestment fee for the managers of US$33,000, or 0.5 per cent of the sale consideration, and US$436,000 in transaction costs that the sale is expected to incur.