SINGAPORE (June 18): UOB Kay Hian is initiating coverage on ARA US Hospitality Trust (ARAUS) with a “buy” recommendation and a target price of US$1.15, representing an upside of more than 33% from its current price.
Lead analyst Jonathan Koh sees ARAUS, with a portfolio of 38 hotels under the Hyatt Place and Hyatt House brands, as a pure play on upscale select-service hotels.
Upscale select-service hotels offer only selected facilities and services instead of the full suite of services provided by full-service hotels.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
