Listed on the Singapore Exchange on 9 May 2019, Acrophyte Hospitality Trust (“ACRO-HT”) is a hospitality stapled group comprising Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust. ACRO-HT invests in income-producing real estate assets used primarily for hospitality purposes located in the United States. As at the date of this announcement, ACRO-HT's portfolio comprises 33 select-service hotels with a total of 4,315 rooms across 17 states in the United States. ACRO-HT is managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd, (collectively known as the “Managers”). The Managers are wholly-owned subsidiaries of Acrophyte Asset Management Pte Ltd (“Acrophyte AM”).