Acrophyte Hospitality Trust Provides Update on Ongoing Strategic Review

Key Highlights from the Latest Announcement

• Ongoing Strategic Review: Acrophyte Hospitality Trust (“ACRO-HT”) has announced that the strategic review and concurrent assessment of strategic options are still in progress. The Managers are actively engaged in discussions with their Sponsor regarding a potential transaction involving the Stapled Securities.
• No Certainty of Transaction: The Managers caution that there is no certainty that any transaction will materialise from these ongoing discussions. Shareholders should be aware that while talks are continuing, there is no guarantee of a deal.
• Regular Updates Promised: The Managers have committed to making the appropriate announcements in compliance with the Singapore Exchange regulations should there be any material developments that warrant disclosure.
• Shareholder Advisory: Investors are strongly advised to exercise caution when dealing in the Stapled Securities and to refrain from taking actions that may prejudice their interests. If in doubt, investors are encouraged to consult professional advisers.

Details on Acrophyte Hospitality Trust and Its Sponsor

• About ACRO-HT: Listed on the Singapore Exchange since May 2019, ACRO-HT is a hospitality stapled group comprising Acrophyte Hospitality Property Trust (ACRO-REIT) and Acrophyte Hospitality Management Trust (ACRO-BT). The group invests in income-producing hospitality and hospitality-related real estate assets in the United States. As of this announcement, ACRO-HT owns a portfolio of 31 upscale select-service hotels with a total of 4,061 rooms spread across 16 US states.
• Managers and Sponsor: The Managers of ACRO-HT are wholly owned subsidiaries of Acrophyte Asset Management Pte. Ltd. (Acrophyte AM), itself a subsidiary of Tang Organization Pte. Ltd., the Sponsor. The Tang Organization is a multinational conglomerate with a broad business portfolio, including property development, investment, construction, hospitality, and education. In the hospitality sector, Tang Organization owns hotels in Singapore, Maldives, and Australia, and operates hotels in Singapore.

Potential Price-Sensitive Matters for Investors

• Possibility of a Strategic Transaction: The ongoing strategic review and discussions with the Sponsor could potentially result in a significant transaction relating to the Stapled Securities. If a deal materialises, it may have a material impact on the value of the Stapled Securities and could potentially move the share price.
• Risk Disclosure: There is explicit acknowledgement that there is no certainty of any transaction occurring. The announcement also notes that the value of Stapled Securities and the income derived from them may fluctuate and are not guaranteed by the Managers, Trustee, or their affiliates. Shareholders should be aware of the possible loss of the principal invested.
• Market Liquidity: Trading in Stapled Securities is only intended via the SGX-ST, and there is no guarantee of a liquid market for these securities.

What Should Shareholders Do?

• Remain vigilant for further announcements regarding the outcome of the strategic review or any potential transactions.
• Refrain from making hasty decisions regarding their Stapled Securities, especially in the absence of concrete developments.
• If intending to act on their holdings, consult a professional adviser, particularly if uncertain about the implications of the ongoing review and potential transaction.

Contact for Further Information

For further enquiries, investors may contact Acrophyte Hospitality Trust’s Investor Relations team via email: [email protected].

Disclaimer

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The value of investments in Acrophyte Hospitality Trust’s Stapled Securities may rise or fall, and investors could lose all or part of their capital. There is no guarantee of any transaction materialising from the ongoing strategic review. Investors are advised to consult their professional advisers before making any investment decisions. The views expressed are based on the latest announcement by Acrophyte Hospitality Trust as of 23 April 2026 and may contain forward-looking statements subject to risks and uncertainties.

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