ARA US Hospitality Trust, Eagle Hospitality Trust offer exposure to US hotel market

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Two upcoming hospitality REIT listings on the Singapore Exchange (SGX) have emerged to become virtually imperceptible in terms of indicative distribution yield, and investment mandate.

Revelations of the REITs, namely ARA US Hospitality Trust, and Eagle Hospitality Trust, have surfaced at a time of renewed optimism for Singapore REITs, with indices tracking the security type, including the FTSE ST REIT Index, at close to 52-week highs.

Both REITs are also competing to be the first US-focused hospitality stapled security group to be listed on the SGX.

However, ARA US Hospitality Trust looks set to blaze the trail having lodged its final prospectus with the Monetary Authority of Singapore (MAS), with subscriptions to its initial public offering (IPO) set at USD0.88 on 2 May.

Related: ARA US Hospitality Trust prices IPO, indicates distribution yield of 8% for 2019

ARA US Hospitality Trust may also have the advantage of familiarity, being helmed by homegrown ARA Asset Management, the name behind Suntec REIT, Fortune REIT, and Cache Logistics Trust.

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