News about Acrophyte Hospitality Trust —
Proposed sale of Hyatt Place Memphis Primacy Parkway terminated, says Acrophyte Hospitality Trust
The proposed sale of the 126-room Hyatt Place Memphis Primacy Parkway has been terminated by the purchaser, Shivam Patel, announced Acrophyte Hospitality Trust on March 16....read more on The Edge Singapore
The purchaser terminated the agreement via written notice before the expiry of the due diligence period, which had been mutually extended to March 16. The earnest money deposit of US$100,000 ($128,157.50) has been refunded.