by: Tam Ging Wien
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ARA Group intends to spin off its US$719.5mil US hotels assets under the Hyatt brand into a stapled security for listing on the Singapore Exchange (SGX). The proposed ARA US Hospitality Trust (ARAHT) aims to focus on US based income-producing hospitality real estate.
ARAHT had lodged its preliminary prospectus on Tuesday (23-Apr) last week and it’s final prospectus on Thursday (02-May) with the Monetary Authority of Singapore (MAS).
It priced its
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