The managers of ARA US Hospitality Trust are proposing to sell four Hyatt Place hotels for a total consideration of US$32.5 million ($45.2 million).
On June 30, ARA US Hospitality Trust’s indirectly wholly-owned subsidiary, ARA USH Chicago entered into a conditional purchase and sale agreement with Three Wall Capital, who will be purchasing the portfolio of hotels.
The four hotels are: Hyatt Place Pittsburgh Cranberry located in Pennsylvania, Hyatt Place Birmingham Inverness in Alabama, as well as Hyatt Place Cincinnati Northeast and Hyatt Place Cleveland Independence located in Ohio.
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