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Access here alternative investment news about Ara Hospitality Trust Plans Singapore Ipo | National Real Estate Investor
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Ara Hospitality Trust Plans Singapore Ipo | National Real Estate Investor

by nreionline.com posted 3weeks ago 44 views
The company will use its 38-hotel U.S. portfolio for a $450.7 million IPO in Singapore. : (Bloomberg)—ARA US Hospitality Trust is seeking to raise $450.7 million in Singapore’s first main board initial public offering this year. The hospitality group will offer units at 88 cents apiece, according to terms of the deal obtained by Bloomberg. Six cornerstone investors have agreed to invest a combined $116.5 million, equivalent to 25.8 percent of the total offer.

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