ARA US Hospitality Trust to buy 3 upscale hotels for $84.5M

The AC Hotel by Marriott Raleigh (N.C.) North Hills features 135 guestrooms, four meeting rooms, a rooftop lounge and a fitness center. Photo credit: Marriott International

ARA US Hospitality Trust entered a conditional purchase and sales agreement to acquire a portfolio of three Marriott-branded upscale hotels for $84.5 million. The properties, its first within Marriott International’s brands, will grow the company’s portfolio to 41 hotels with 5,340 guestrooms.

In North Carolina, ARA US Hospitality Trust will buy the 135-room AC Hotel by Marriott Raleigh North Hills. The property is located within the North Hills mixed-use development, which contains more than 1 million square feet of office space, and within a 20-minute drive of North Carolina State University and downtown Raleigh. The hotel features four meeting rooms, a rooftop lounge and a fitness center.

In Texas, the company will buy the neighboring Courtyard by Marriott San Antonio Six Flags at The Rim and Residence Inn by Marriott San Antonio Six Flags at The Rim. Local demand drivers include The Rim, a 2.8 million-square-foot master development with retail and dining, and Six Flags Fiesta Texas. The Residence Inn features 131 suites, a meeting room, a fitness center and an outdoor pool. The Courtyard includes 124 rooms, two meeting rooms, a restaurant, a fitness center and an outdoor pool.

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

ARA US Hospitality Trust is listed on the Singapore Exchange. Its portfolio includes 38 upscale, Hyatt-branded, select-service hotels with 4,950 rooms. It values its portfolio at $719.5 million.

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