Acrophyte Hospitality Trust Says Strategic Review Still Ongoing, Warns Deal Uncertain
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Acrophyte Hospitality Trust has informed investors that its strategic review of stapled securities is ongoing, with discussions with its sponsor about a potential transaction. However, the managers warned that there is no certainty of a deal and advised securityholders to seek professional advice. The latest analyst rating for ARA US Hospitality Trust (SG:XZL) is a Hold with a price target of $0.50. The trust is focused on hospitality assets and is listed on the Singapore Exchange, with a current market cap of $147.9M.
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