We have a singular mission:
To provide sustainable and stable returns to our Stapled Security holders through attractive distributions and long-term capital appreciation.
Overview
Listed on the Singapore Exchange on 9 May 2019, Acrophyte Hospitality Trust ("ACRO-HT") (formerly ARA US Hospitality Trust) is a hospitality stapled group comprising Acrophyte Hospitality Property Trust ("ACRO-REIT") and Acrophyte Hospitality Management Trust ("ACRO-BT").
ACRO-HT's is established with the principal investment strategy of investing a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes.
The portfolio of ACRO-HT currently comprises 33 upscale select-service hotels, with a total of 4,315 guest rooms across 17 states in the U.S.. The portfolio is broadly diversified across a variety of submarkets where diverse demand generators and proximity to guests' amenities help drive strong consistent performance.
ACRO-HT is managed by Acrophyte Hospitality Trust Management Pte. Ltd. ("REIT-Manager") and Acrophyte Hospitality Business Trust Management Pte. Ltd. ("Trustee-Manager"), collectively known as the "Managers". The Managers are wholly owned subsidiaries of Acrophyte Asset Management Pte. Ltd. ("Acrophyte AM").
The Sponsor
Acrophyte AM is a wholly-owned subsidiary of Tang Organization Pte. Ltd. (“Tang Organization”) (formerly known as Acrophyte Pte. Ltd.), the sponsor of ACRO-HT.
Tang Organization is a multinational conglomerate company with businesses in property development and investment, construction (building construction, civil infrastructure, environmental and sustainability, prefabrication technology and procurement), hospitality, as well as education.
Tang Organization established itself as a prominent real estate player in the 1990s and has since grown into a multinational conglomerate that includes capabilities (i) across the real estate value chain, comprising real estate construction, real estate development, property investment and asset management, and (ii) in the hospitality industry. As an established player in the hospitality industry, Tang Organization is an owner of hotels in Singapore, Maldives, and Australia, as well as a hotel and serviced residence operator in Singapore.
For more information, please visit www.acrophyte.com.
Investment & Growth Strategies
ACRO-HT's principal investment strategy is to invest in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes located in the U.S.
Our objectives are to increase shareholder value through delivering stable and growing distributions to Stapled Securityholders and achieving long-term growth in net asset value ("NAV") per Stapled Security while maintaining and appropriate capital structure.
Trust Structure
ACRO-HT is a stapled group comprising ACRO-REIT and ACRO-BT. ACRO-REIT is set up to hold the underlying hotels. ACRO-BT is an active business trust set up to own the operational assets of the hotels. ACRO-BT extends loans to the hotel holding companies to facilitate the repatriation of cashflows to Singapore.
ACRO-HT has engaged ARA US Hospitality Management, Inc ("Hotel Manager"). The Hotel Manager oversees the operations and management of the portfolio in the capacity of asset manager. The Hotel Manager uses third-party property managers (i.e., Aimbridge, Avion, Concorde and Chartwell) for direct, day-to-day operations of the hotels. As the asset manager, the Hotel Manager manages the property managers on behalf of the Trust. Hyatt, Hilton and Marriott are franchisors that extend the various brands to the portfolio.
A pure-playselect
servicehospitality trustlisted on SGX
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