SINGAPORE (May 6): ARA US Hospitality Trust is offering 377.8 million stapled securities at 88 US cents apiece in an IPO. Of this, 328.6 million stapled securities are reserved for placement. The public offering comprises 51.13 million stapled securities. The stapled securities comprise ARA US Hospitality Property Trust (ARA H-REIT), a real estate investment trust, and ARA US Hospitality Management Trust (ARA H-BT), a registered business trust.

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