Distribution per unit (DPU) for Dec 31, 2024 would have been 1.866 US cents, higher than the actual 1.772 US cents, had Acrophyte Hospitality Trust completed the proposed sale on Jan 1, 2024.
Acrophyte Hospitality Trust, formerly known as ARA US Hospitality Trust, is divesting Hyatt Place Detroit Livonia for a consideration of US$10.0 million ($12.97 million), 2.9% below its last valuation of US$10.3 million at July 31.
In a Dec 10 bourse filing, the manager of Acrophyte Hospitality Trust says its indirect wholly-owned subsidiary ARA USH Chicago entered into a conditional purchase and sale agreement with NJA Management Group on Dec 8.
