• ARA grabs Hyatt portfolio

Singapore investor ARA Asset Management has bought a portfolio of Hyatt hotels across the USA. The 38 Hyatt Place and Hyatt House hotels were sold by Lone Star.

ARA says select service hotels have consistently outperformed full service hotels, and it sees further growth in the US economy. The investor is considering a Reit listing of the assets, in Singapore.

Read the full story here:

http://ara.listedcompany.com/newsroom/ARA_Acquires_Portfolio_of_38_Select_Service_Hotels_031218.pdf

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