ARA US Hospitality Trust (SG:XZL) has released an update.
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ARA US Hospitality Trust, a Singapore-based hospitality group, has announced that its management teams for both ARA H-REIT and ARA H-BT have opted to receive all base and performance fees in cash for specific periods starting in April 2024. This decision applies to fees accrued for calendar quarters and financial years commencing in 2024, with payments to be made according to the group’s trust deeds. The agreement underscores the group’s financial management strategy and will be executed in compliance with the existing trust and stapling deeds.
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