Hyatt Place Raleigh-Durham Airport. (Photo: ARA US Hospitality Trust)

Against the backdrop of less-than-stellar tourist arrival figures into the US, unit price of Eagle Hospitality Trust has fallen by more than 10% since its listing on 24 May.

Eagle Hospitality Trust is a US-focused business trust with 18 hospitality assets across the country.

The trust recently completed its initial public offering (IPO) of 580,558,000 stapled securities, with subscription rate for the public offer at approximately 0.4 times.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.