Acrophyte Hospitality Trust has completed the divestment of the Hyatt Place Memphis Primacy Parkway hotel in the United States on Jul, 21 2026, for a consideration of about 9.4 million Singapore dollars, subject to customary post-completion adjustments.

The transaction was first announced on May, 21 2026. Following the sale, Acrophyte Hospitality Trust retains a portfolio of 30 upscale select-service hotels with a total of 3,938 rooms across 16 U.S. states.

The stapled group, comprising Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust, was listed on the Singapore Exchange on May, 9 2019. Both trusts are managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd., wholly-owned subsidiaries of sponsor Tang Organization’s Acrophyte Asset Management.