27 May 2019

Allen & Gledhill advised ARA Trust Management (USH) Pte. Ltd., as the manager of ARA US Hospitality Property Trust (“REIT Manager”), ARA Business Trust Management (USH) Pte. Ltd., as the trustee-manager of ARA US Hospitality Management Trust (“Trustee-Manager”) (together with the REIT Manager, the “Managers”), and ARA Real Estate Investors 23 Pte. Ltd., as the sponsor of ARA US Hospitality Trust (“Sponsor”), on the approximately US$498 million initial public offering (“IPO”) of ARA US Hospitality Trust on the Mainboard of Singapore Exchange Securities Trading Limited.

ARA US Hospitality Trust is a stapled group comprising ARA US Hospitality Property Trust and ARA US Hospitality Management Trust.

Allen & Gledhill also advised the Managers on the approximately US$270.8 million debt facilities comprising: (i) a five-year secured term and letter of credit facilities of up to approximately US$260.8 million; and (ii) a three-year unsecured revolving credit facility of up to US$10.0 million (collectively, the “New Loan Facilities”).

Advising the Managers and Sponsor on the IPO were Allen & Gledhill Deputy Managing Partner Jerry Koh and Partners Foong Yuen Ping and Chua Bor Jern.

Advising the Managers on the New Loan Facilities were Allen & Gledhill Partners Jafe Ng and Ong Kangxin.


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