Singapore-listed ARA US Hospitality Trust has taken out USD75 million in unsecured loans.
The funds will be deployed by the trust to partially finance its purchase of three Marriott-branded hotels in the US.
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These loans are namely a USD66 million term facility, and a USD9 million revolving credit facility.
The trust has not disclosed the identities of the lenders for both facilities.
ARA US Hospitality Trust is a stapled security comprising ARA US Hospitality Property Trust and ARA US Hospitality Management Trust.
Its units were last done on the Singapore Exchange (SGX) at USD0.86.