Acrophyte Hospitality Trust to Dispose of Hyatt Place Detroit Livonia for $10 Million
MT Newswires
Dec 10, 2025
Acrophyte Hospitality Trust's (SGX:XZL) subsidiary, ARA USH Chicago, agreed to sell the 127-room Hyatt Place Detroit Livonia, in the U.S., to NJA Management for $10 million, according to a Wednesday filing with the Singapore Exchange.
The consideration represents a 2.9% discount to the independent valuation of the property.
The disposal of the non-core underperforming asset is part of the trust's strategy to avoid unnecessary capital outlay and to redeploy resources towards higher-performing assets.
Proceeds from the disposal will be used to help with renovations of its existing portfolio, pare down debt and to meet working capital needs.
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