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ARA H-Trust to divest two Hyatt hotels for $42m

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pstrongThe REIT will use net proceeds to repay debt or acquire new properties./strong/p pARA US Hospitality Trust (ARA H-Trust) will divest two hotels to GHM Properties for $42m (US$31.0m), representing a 1.3% discount on the total valuation of $42.5m (US$31.4m).

ARA US Hospitality Trust will divest two hotels to GHM Properties for $42m , representing a 1.3% discount on the total valuation of $42.5m .

The two assets are extended-stay hotels on freehold land in Connecticut and Pennsylvania, respectively. Meanwhile, HHMP has 131 rooms, opened in 2000, and underwent renovations in 2016.

 

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