Upscale select-service hotels offer only selected facilities and services instead of the full suite of services provided by full-service hotels.
SINGAPORE (June 18): UOB Kay Hian is initiating coverage on ARA US Hospitality Trust (ARAUS) with a “buy” recommendation and a target price of US$1.15, representing an upside of more than 33% from its current price.
Lead analyst Jonathan Koh sees ARAUS, with a portfolio of 38 hotels under the Hyatt Place and Hyatt House brands, as a pure play on upscale select-service hotels.
