ARA H-Trust buys three US Marriott hotels for $114m

Submitted By:  Staff Reporter Case Study:  No The hotels are located in North Carolina and Texas. ARA US Hospitality Trust has acquired three Marriott-branded upscale hotels in the US for $114m (US$84.5m), according to a press release. The acquisition of the properties in North Carolina and Texas at a net property income yield of 8.0% is seen to increase the REIT’s pro forma distribution income from 9 May to 30 September by $1.9m (US$1.4m) and in distribution per stapled security from 3.13 US cents to 3.38 US cents. read more