Taking Stock Of Stocks

US select-service hotels worth checking out

The Sunday Times and the Singapore Exchange's research team interview company bosses to help investors get a view of a firm's operations and strategic direction - aspects that go beyond the financials. We speak to Mr Lee Jin Yong, chief executive of the manager of ARA US Hospitality Trust.

Mr Lee Jin Yong says ARA US Hospitality Trust enjoys a sizeable debt headroom, which gives it the flexibility to make new acquisitions. PHOTO: ARA US HOSPITALITY TRUST
Mr Lee Jin Yong says ARA US Hospitality Trust enjoys a sizeable debt headroom, which gives it the flexibility to make new acquisitions. PHOTO: ARA US HOSPITALITY TRUST

ARA US Hospitality Trust became the first pure-play United States hospitality portfolio to be listed on the Singapore Exchange mainboard when it debuted on May 9.

Its initial portfolio comprises 38 Hyatt-branded select-service hotels totalling 4,950 rooms and is geographically diversified across 21 states in the US. These select-service hotels are franchised under the Hyatt Place and Hyatt House brands and managed by Aimbridge Hospitality, the largest independent hotel management company in the US.

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A version of this article appeared in the print edition of The Sunday Times on September 29, 2019, with the headline 'US select-service hotels worth checking out '. Subscribe