(November 07 10:45) Sbr.com.sg
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.
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