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Apple Hospitality REIT Acquires the Aloft Portland, Maine for $51.2M

Apple Hospitality REIT, Inc. | September 14, 2021

RICHMOND, VA - September 14, 2021 - Apple Hospitality REIT, Inc. today announced the acquisition of the 157-room Aloft Hotel on the waterfront in downtown Portland, Maine (the “Hotel”), for a total purchase price of $51.2 million, or approximately $326,000 per key. “We are pleased to expand our portfolio with the acquisition of the newly constructed Aloft Portland, Maine and increase our exposure to the unique and vibrant Portland market,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “In addition to Portland’s tremendous appeal for leisure travel, the market is also home to a variety of corpo...

Miami Beach, Florida’s 235-room Aloft South Beach is Set to Open

Aloft Hotels | April 29, 2015

MIAMI BEACH, FL (April 29, 2015) - South Beach continues to be the global epicenter of what's new, fresh and alluring in Miami and that is further exemplified as JMH Development, Madden Real Estate Ventures and Starwood Hotels & Resorts announce the official opening of Aloft South Beach at 2360 Collins Avenue on May 28. Aloft South Beach wraps guests in a warm and buzzing environment from the moment they enter the property by offering an array of modern amenities, intuitive technology, and playfully engaging spaces surrounding their 235 loft-like rooms. It also ushers in Continental Miami, an exciting new dining destination establis...

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