ARA US Hospitality Trust (ARA H-Trust) posted a gross operating profit of US$8.1 million for its first quarter, falling 47.8 per cent short of its initial public offering (IPO) forecast of US$15.5 million, the trust's managers said in a business update on Friday.

ARA US Hospitality Trust (ARA H-Trust) on Friday posted a gross operating profit of US$8.1 million for its first quarter, falling 47.8 per cent short of its initial public offering (IPO) forecast of US$15.5 million, the trust's managers said in a business update.

ARA US Hospitality Trust (ARA H-Trust) has temporarily closed about two-thirds of its hotels, slashed its workforce and cut the pay of senior managers in response to the worsening novel coronavirus pandemic.

IN response to the acceleration of the coronavirus pandemic, ARA US Hospitality Trust (ARA H-Trust) has turned to a series of measures including the temporary closures of about two-thirds of its hotels, slashing its workforce and pay cuts for senior managers.

ARA US Hospitality Trust (ARA H-Trust) has temporarily closed over 65 per cent of its hotels and is reducing its workforce by 70 per cent as part of measures to cut costs amid the Covid-19 pandemic, its managers said on Thursday.

ARA US Hospitality Trust (ARA H-Trust) has initiated cost controls by cutting labour cost hours and staffing, closing certain facilities and amenities and reviewing all operating contracts under its "cost mitigation and capital preservation measures", its managers announced on Wed...

ARA US Hospitality Trust (ARA H-Trust) posted a distribution per stapled security (DPS) of 1.08 US cents for the fourth quarter ended Dec 31, 2019, missing its initial public offering (IPO) forecast of 1.24 US cents by 12.9 per cent.

ARA US Hospitality Trust (ARA H-Trust) posted a distribution per stapled security (DPS) of 1.08 US cents for the fourth quarter ended Dec 31, 2019, 12.9 per cent lower than its initial public offering (IPO) forecast of 1.24 US cents.

ARA US Hospitality Trust (ARA H-Trust) has established an S$800 million multicurrency stapled debt issuance programme, it said on Friday morning.

ARA US Hospitality Trust (ARA H-Trust) has established an S$800 million multicurrency stapled debt issuance programme, it said on Friday morning.