Acrophyte Hospitality Trust loses buyer for Norcross hotel

The sale was terminated on 10 August.

The proposed sale of Hyatt Place Atlanta Norcross Peachtree Corners (HPANPC) by Acrophyte Hospitality Trust has been terminated after the purchaser withdrew from the deal during its due diligence period.

The managers of the trust said the purchaser had, by written notice, elected to terminate the purchase and sale agreement for the hotel on 10 August 2026, US time. The due diligence period would have expired on 24 August 2026, the sixtieth day from the effective date of the agreement, during which the purchaser was entitled to terminate at its sole discretion.

As a result, the earnest money deposit of $127,965 (US$100,000) for the hotel has been refunded to the purchaser.

The termination relates to one of two hotels included in a divestment announced on 26 June 2026. The purchase and sale agreement for the other property, Hyatt Place Atlanta Alpharetta Windward Parkway (HPAAWP), remains in place.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia