american realty capital hospitality trust
Summit Hotel Properties Completes Sale of Holiday Inn Express & Suites in Irving, Texas for $10.5 Million
Summit Hotel Properties | June 1, 2016
AUSTIN, Texas, June 1, 2016 -- Summit Hotel Properties, Inc. (NYSE: INN) ("the Company") announced today that on May 13, 2016, it completed the sale of the Holiday Inn Express & Suites located in Irving (Las Colinas), Texas containing 128 guestrooms for a total sales price of $10.5 million. "We are very pleased to have sold this hotel at a price we believe validates the benefits of premium select-service hotels. With RevPAR nearly 30 percent below our portfolio's average, this sale demonstrates our commitment to enhancing portfolio quality," said President and Chief Executive Officer, Daniel P. Hansen. The sa...
American Realty Capital Hospitality Trust Acquires Six Hotels from Summit Hotel Properties for $108.3 Million
American Realty Capital Hospitality Trust, Inc. | February 17, 2016
NEW YORK, Feb. 17, 2016 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has completed its previously announced acquisition of six hotels totaling 707 rooms for a purchase price of $108.3 million from Summit Hotel Properties, Inc. (NYSE: INN) ("Summit"), a publicly-traded hotel real estate investment trust. The six hotels acquired are branded either by Marriott International or Hilton Hotels & Resorts and are located in Bellevue and Spokane, Washington, and Denver and Fort Collins, Colorado. This transaction increases ARC Hospitality's l...
American Realty Capital Hospitality Trust Acquires Two Hotels from Noble Investment Group for $48.6M
ARC Hospitality | November 4, 2015
Purchase increases current lodging portfolio to 134 hotels totaling 16,345 rooms across 32 states NEW YORK, Nov. 4, 2015 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has completed its previously announced acquisition of two hotels for a purchase price of $48.6 million from affiliates of Noble Investment Group, LLC ("Noble"), a leading lodging and hospitality real estate private equity firm. This transaction represents the first two of 13 hotels that the Company announced it will be acquiring from Noble for a total purchase price of $300 mil...
American Realty Capital Hospitality Trust Acquires 10 Hotels for $150 Million from Summit
ARC Hospitality | October 21, 2015
NEW YORK, Oct. 21, 2015 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has completed its previously announced acquisition of 10 hotels for a purchase price of $150.1 million from Summit Hotel Properties (NYSE: INN) ("Summit"), a publicly-traded hotel real estate investment trust. This transaction represents the first 10 of 26 hotels that the Company announced it will be acquiring from Summit for a total purchase price of $347.4 million. In addition, ARC Hospitality currently has another 18 hotels under contract with unrelated Sellers for $392....
Crestline Hotels & Resorts Adds Nine Marriott and Hilton Hotels to its Managed Portfolio
Crestline Hotels & Resorts, LLC | October 21, 2015
FAIRFAX, VA – October 21, 2015 – James Carroll, President & CEO of Crestline Hotels & Resorts, LLC ("Crestline"), today announced that Crestline has added nine full, select and extended stay hotels in four states to its managed portfolio, collectively adding 951 guestrooms. These recent additions result in a company-wide portfolio which now approaches 15,000 rooms. The nine properties, owned by subsidiaries of American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality), are located throughout the U.S. and expand Crestline's managed portfolio into two additional states, Oregon and Arizona. The newly added hotel...
ARC Hospitality Trust to Acquire Portfolio of 13 Hotels from Noble Investment Group for $300 Million
ARC Hospitality | June 16, 2015
Portfolio consists of 12 premium-branded select-service and extended-stay hotels and one full-service hotel totaling 1,913 rooms. NEW YORK, June 16, 2015 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has agreed to acquire a portfolio of 13 hotels (the "Noble Portfolio") for a purchase price of $300 million from affiliates of Noble Investment Group, LLC, a leading lodging and hospitality real estate private equity firm ("Noble"). The Noble Portfolio consists of 12 premium-branded select-service and extended-stay hotels and one full-service hotel totaling 1,913 rooms. The ...
ARC Agrees to Acquire Portfolio of 26 Hotels from Summit Hotel Properties for $351.4 Million
ARC Hospitality | June 8, 2015
NEW YORK, June 8, 2015 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today that it has agreed to acquire a portfolio of 26 hotels (the "Summit Portfolio") for a purchase price of $351.4 million from Summit Hotel Properties, Inc., a publicly-traded hotel real estate investment trust ("Summit"). The Summit Portfolio consists of 25 premium-branded select-service and extended-stay hotels and one full-service hotel and totals 2,793 rooms in 11 states. The hotels are franchised by major global brands including Marriott International, Hilton Hotels & Resorts, Hyatt Hotels and InterContine...
Crestline Hotels & Resorts to Manage 34 Hotels Acquired by American Realty Capital Hospitality Trust
Crestline Hotels & Resorts LLC | March 3, 2015
FAIRFAX, VA - March 3, 2015 - James Carroll, President & CEO of Crestline Hotels & Resorts, LLC ("Crestline"), announced today that Crestline has assumed management of a portfolio of 34 full, select and extended stay hotels in 15 states. Collectively, the hotels add 4,681 guestrooms to Crestline's managed portfolio, resulting in a company-wide portfolio of nearly 12,000 rooms. The 34 properties are located throughout the U.S. from California to Florida, and are comprised of upper upscale and upscale brands including - Embassy Suites, Hyatt Place, SpringHill Suites, Courtyard by Marriott, Hilton Garden Inn, Fairfield Inns & S...
