Acrophyte Hospitality Trust announced that it has completed the divestment of Hyatt Place Detroit Livonia, Michigan on Mar, 10 2026 (U.S. time). The transaction was executed at a sale consideration of 10.0 million US dollars, subject to customary post-completion adjustments under the purchase and sale agreement.

The stapled group, listed on the Singapore Exchange since May 2019, now holds a portfolio of 31 upscale select-service hotels with 4,061 rooms across 16 U.S. states. The managers of the trust are Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd.