Aloft Portland
Crestline Selected to Manage the Newly Constructed Aloft Portland, Maine
Crestline Hotels & Resorts | October 21, 2021
FAIRFAX, VA – October 21, 2021 – Crestline Hotels & Resorts, LLC (“Crestline”) announced today that it has been selected to manage the 157-guestroom Aloft Portland, Maine hotel which is located along Portland’s downtown waterfront. The hotel also offers 327 square feet of meeting and function space. This marks the third hotel in Portland that Crestline has added to its management portfolio. Last month Crestline added the 178-guestroom AC Hotel by Marriott Portland Downtown/Waterfront, and in 2020 the company assumed management of the Residence Inn Portland Downtown/Waterfront. More About the Aloft Po...
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...
