ARA seeks business trust listing on SGX for US$720m hotel portfolio

REAL estate investment group ARA Group is spinning off US$719.5 million of US hotels under the Hyatt brand into a business trust that it wants to list on the Singapore Exchange .

The proposed ARA US Hospitality Trust will comprise US dollar-denominated stapled securities of ARA US Hospitality Property Trust , which will hold the hotel properties; and ARA US Hospitality Management Trust , which will run the hotels, according to a preliminary prospectus that has been lodged with the Monetary Authority of Singapore. The pricing, amount to be raised and timing of the offering have not been set.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

OCBC seeking partner for China securities business[SINGAPORE] Oversea-Chinese Banking Corp (OCBC) is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation's financial-industry loosening. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »