Structure of ARA US Hospitality Trust

ARA H-Trust is a stapled group comprising ARA H-REIT and ARA H-BT. ARA H-REIT is set up to hold the underlying hotels. ARA H-BT is an active business trust set up to own the operational assets of the hotels. ARA H-BT extends loans to the hotel holding companies to facilitate the repatriation of cashflows to Singapore.

The ARA Hotel Manager is intended to oversee the operation, management and maintenance of the hotels by the third-party hotel managers. Hyatt and Marriott are franchisors that extend the various brands to the Portfolio.

Structure Chart

  1. Please refer to the section “Important Notice Regarding the Ownership of Stapled Securities” in the Prospectus
  2. ARA USH REIT, Inc. qualifies as a real estate investment trust for U.S. federal income tax purposes and is not subject to U.S. federal income tax on its net income distributed as dividends