ARA US Hospitality Trust has priced its initial public offering at US$0.88 per stapled security, according to registration documents on May 2.
The expected distribution yield is 8.0 per cent from May 1, 2019 to Dec 31, 2019, and 8.2 per cent for the projection year 2020.Trading is expected to begin at 2pm on Thursday, May 9. It 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.
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