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

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.

Related: ARA US Hospitality Trust misses DPU forecast, acquires three Marriott properties

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.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.