Structure of Acrophyte Hospitality Trust
ACRO-HT is a stapled group comprising ACRO-REIT and ACRO-BT. ACRO-REIT is set up to hold the underlying hotels. ACRO-BT is an active business trust set up to own the operational assets of the hotels. ACRO-BT extends loans to the hotel holding companies to facilitate the repatriation of cashflows to Singapore.
ACRO-HT has engaged to ARA US Hospitality Management, Inc ("ARA Hotel Manager"), a subsidiary of Aravest Pte Ltd, to provide asset management services to the Managers. The ARA Hotel Manager is intended to oversee the operation, management and maintenance of the hotels by third party hotel managers, namely Aimbridge, Avion, Chartwell and Concord. Hyatt, Marriott and Hilton are franchisors that extend the various brands to the portfolio.
