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ARA US Hospitality Trust ( (SG:XZL) ) just unveiled an announcement.
Acrophyte Hospitality Trust has announced an update on its ongoing strategic review, assisted by DBS Bank Ltd., to address substantial capital expenditure needs. The company anticipates spending approximately US$100 million on brand-mandated renovations and maintenance from FY2025 to FY2027, which were previously deferred due to the COVID-19 pandemic. This expenditure is crucial to comply with brand standards and franchise terms, as non-compliance could lead to default notices.
The most recent analyst rating on (SG:XZL) stock is a Buy with a $0.25 price target. To see the full list of analyst forecasts on ARA US Hospitality Trust stock, see the SG:XZL Stock Forecast page.
More about ARA US Hospitality Trust
Acrophyte Hospitality Trust is a stapled group consisting of Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust, both constituted under the laws of the Republic of Singapore. The company operates in the real estate investment sector, focusing on hospitality properties and management.
Average Trading Volume: 385,162
Technical Sentiment Signal: Buy
Current Market Cap: $168.2M
For a thorough assessment of XZL stock, go to TipRanks’ Stock Analysis page.