Acrophyte Hospitality Trust completes US hotel sale for about 9.4 million Singapore dollars

SGX Filings

Jul 22

Acrophyte Hospitality Trust has completed the divestment of the Hyatt Place Memphis Primacy Parkway hotel in the United States on Jul, 21 2026, for a consideration of about 9.4 million Singapore dollars, subject to customary post-completion adjustments.

The transaction was first announced on May, 21 2026. Following the sale, Acrophyte Hospitality Trust retains a portfolio of 30 upscale select-service hotels with a total of 3,938 rooms across 16 U.S. states.

The stapled group, comprising Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust, was listed on the Singapore Exchange on May, 9 2019. Both trusts are managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd., wholly-owned subsidiaries of sponsor Tang Organization’s Acrophyte Asset Management.

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