News Formal

ARA H-Trust completes acquisition of three US hotels for US$84m

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Read more at The Business Times.

ARA US Hospitality Trust has completed the acquisition of three US hotels for US$84 million, its managers said in a bourse filing on Monday.

The freehold properties are AC by Marriott Raleigh North Hills in North Carolina, as well as Courtyard San Antonio and Residence Inn San Antonio both in The Rim shopping district in Texas. Parties agreed on a final price of US$84 million, which is a 5.5 per cent discount to the three hotels' total market value of US$88.9 million as at Dec 1, 2019, according to independent valuer HVS Consulting and Valuation Services.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CEO says Bank of America aims to 'double' its US consumer market share: FTBrian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »