As at March 31, its NAV per unit was 71 US cents (91 cents), versus its May 29 closing price of 26.5 US cents.
The managers of Acrophyte Hospitality Trust are "evaluating a range of strategic options", citing capex needed to enhance its portfolio of hospitality assets in the US.
"In connection with their evaluation, the managers are also in discussions with the sponsor in respect of a potential transaction involving the stapled securities."
