Eagle Hospitality Trust Pricing Its IPO at US$0.78

News about Eagle Hospitality Trust

Hot on the heels of the IPO of ARA US Hospitality Trust, Eagle Hospitality Trust is another US-focused trust owning hospitality properties and seeking listing in the Singapore market.

Eagle Hospitality Trust (EHT) is also a business trust with stapled-securities listed in US Dollars, and has set its introduction price at $0.78.

EHT is a stapled group comprising Eagle Hospitality Real Estate Investment Trust (EH-Reit) and Eagle Hospitality Business Trust (EH-BT). It has an initial portfolio of 18 full-service hotel properties, with a total of 5,420 rooms and an aggregate valuation of about US$1.27 billion.

The assets span states such as California, Texas, Colorado, Utah, Georgia, Florida, New Jersey and Connecticut. Seventeen of the 18 assets are freehold.

The prospectus is available for reading and several bloggers are covering the IPO in depth.

Eagle Hospitality Trust
Price0.520 USD
NAV0.900 USD
Gearing37.3%