The managers of Acrophye Hospitality Trust believes that the proposed sale will bring benefits to its security holders.
Acrophyte Hospitality Trust (ACRO-HT) is disposing of its property Hyatt Place Memphis Primacy Parkway (HPMPP) for a consideration of US$7.75 mil.
The trust, through its indirect wholly-owned subsidiary, ARA USH Chicago entered into a conditional purchase and sale agreement with Shivam Patel, purchaser.
