Completion Of The Acquisition Of A Portfolio Of Three Premium Marriott-Branded Upscale Select-Service Hotels In United States And Use Of IPO Proceeds
|Announcement Title||Asset Acquisitions and Disposals|
|Date & Time of Broadcast||Jan 20, 2020 7:53|
|Announcement Sub Title||Completion of Acquisition and Use of IPO Proceeds|
|Submitted By (Co./ Ind. Name)||ARA Trust Management (USH) Pte. Ltd. / Ling Hong Liang|
|Description (Please provide a detailed description of the event in the box below)||Please see attached.
DBS Bank Ltd. is the Sole Issue Manager for the initial public offering of the stapled securities in ARA US Hospitality Trust (the Offering ). DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited are the Joint Financial Advisers and Joint Global Coordinators for the Offering. DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited and Credit Suisse (Singapore) Limited are the Joint Bookrunners and Underwriters for the Offering.