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.