Acrophyte Hospitality Trust Completes Sale of Hyatt Place Detroit Livonia for US\$10 Million

Key Highlights of the Transaction

• Completion of Sale: Acrophyte Hospitality Trust (“ACRO-HT”) has finalized the sale of Hyatt Place Detroit Livonia, Michigan, at a sale consideration of US\$10.0 million. The transaction was completed on 10 March 2026 (U.S. time). The sale consideration is subject to post-completion adjustments in accordance with the Purchase and Sale Agreement (PSA).
• Manager’s Announcement: The sale was managed by Acrophyte Hospitality Trust Management Pte. Ltd. (manager of Acrophyte Hospitality Property Trust) and Acrophyte Hospitality Business Trust Management Pte. Ltd. (trustee-manager of Acrophyte Hospitality Management Trust).

Details and Implications for Shareholders

• Portfolio Changes: The divestment of Hyatt Place Detroit Livonia may have a direct impact on ACRO-HT’s portfolio, which consists of 31 upscale select-service hotels with a total of 4,061 rooms across 16 states in the United States. The sale reduces the asset base and may alter income streams, affecting future distributions.
• Potential Impact on Share Value: The sale price of US\$10 million and any subsequent adjustments could influence the trust’s net asset value and cash position. Investors should note that the sale proceeds may be used for debt repayment, reinvestment, or distributions, depending on management’s strategy.
• Price Sensitivity: The announcement of the completed sale could be a catalyst for share price movements, especially if the proceeds are deployed in a manner that enhances unitholder value, or if there are significant changes to the trust’s distribution policy.
• Management and Sponsor: ACRO-HT is managed by wholly-owned subsidiaries of Acrophyte Asset Management Pte. Ltd., itself a subsidiary of Tang Organization Pte. Ltd. Tang Organization is a significant multinational conglomerate with interests in property development, construction, hospitality, and education. Its continued backing provides stability and strategic direction for ACRO-HT.

Background of Acrophyte Hospitality Trust

• Listed on the Singapore Exchange since 9 May 2019, ACRO-HT invests in income-producing real estate assets used primarily for hospitality and related purposes in the United States.
• The trust’s portfolio comprises 31 upscale select-service hotels as of the announcement date, totaling 4,061 rooms across 16 states.
• The managers are subsidiaries of Acrophyte Asset Management Pte. Ltd., part of Tang Organization, a conglomerate with a strong presence in real estate and hospitality.
• Tang Organization, the sponsor, owns hotels in Singapore, Maldives, and Australia, and operates hotels in Singapore, further reinforcing ACRO-HT’s hospitality credentials.

Important Notice for Investors

• Investment Risk: The value of stapled securities in ACRO-HT and income derived from them may fluctuate. Stapled Securities are not guaranteed by the managers, trustees, or their affiliates. There is no obligation for managers to redeem or purchase Stapled Securities while they are listed.
• Market Trading: Stapled Securityholders can only transact their holdings via the Singapore Exchange Securities Trading Limited (SGX-ST). Listing does not guarantee liquidity.
• Forward-Looking Statements: The announcement may contain forward-looking statements subject to risks and uncertainties. Actual results may differ materially from projections.
• Director Responsibility: The directors of the managers have taken reasonable care to ensure the accuracy of information and accept responsibility for the contents of the announcement.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. Investors should conduct their own due diligence and consult financial advisors before making investment decisions. The information provided herein is based on official announcements and may be subject to change. Actual financial performance, asset values, and distributions may differ from projections and expectations.

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