apple hospitality
Apple Hospitality REIT Acquires the Embassy Suites by Hilton Madison Downtown in Wisconsin
Apple Hospitality REIT, Inc. | June 24, 2024
RICHMOND, Va.--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the opening and acquisition of the 262-room Embassy Suites by Hilton Madison Downtown (the “Hotel”) for approximately $79.5 million, or $303,000 per key. “We are pleased to expand our portfolio with the acquisition of the newly constructed, custom Embassy Suites Madison Downtown and increase our presence within the dynamic and business-friendly Madison market,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “Through our longstanding relationship with one of the industry’s lead...
Apple Hospitality REIT Acquires the SpringHill Suites by Marriott Las Vegas Convention Center
Apple Hospitality REIT, Inc. | January 2, 2024
RICHMOND, Va.--January 2, 2024--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center (the “Hotel”) for approximately $75 million, or $251,000 per key. “Las Vegas, well known as a premier gaming and entertainment destination, has dynamically expanded in recent years with the arrival of major league sports teams, the Sphere and Formula 1 racing, to capture an even larger segment of leisure travel demand,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “In add...
Apple Hospitality REIT Acquires Portfolio of Three Hotels for $126 Million
Apple Hospitality REIT, Inc. | November 19, 2021
RICHMOND, VA – November 19, 2021 – Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of a portfolio of three hotels for a total purchase price of $126 million. As previously announced, the portfolio consists of the existing 157-room Hilton Garden Inn Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $29.5 million, or approximately $188,000 per key; the existing and recently renovated 112-room Homewood Suites by Hilton Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $21.5 million, or approximately $192,000 per ke...
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...
Apple Hospitality REIT Acquires Hyatt Place in Greenville, South Carolina for $30M
Apple Hospitality REIT, Inc. | September 7, 2021
RICHMOND, Va. - September 7, 2021 - Apple Hospitality REIT, Inc. today announced the acquisition of the 130-room Hyatt Place in downtown Greenville, South Carolina (the “Hotel”), for a total purchase price of approximately $30 million, or approximately $231,000 per key. “Greenville has benefited from the recent shift of companies to smaller, more business-friendly cities and is home to numerous corporations and startups that span a variety of industries,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “We are pleased to grow our portfolio with the acquisition of this recently built Hotel ...
Apple Hospitality REIT Acquires AC Hotel by Marriott in Portland, Maine for $66.8M
Apple Hospitality REIT, Inc. | August 24, 2021
RICHMOND, Va. - August 24, 2021 - Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 178-room AC Hotel by Marriott in Portland, Maine (the “Hotel”), for a total purchase price of approximately $66.8 million, or approximately $375,000 per key. “We are pleased to expand our presence in the vibrant Portland market, which benefits from a variety of demand generators, including leisure, corporate, health care, government and education,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “With the acquisition of the AC Hot...
Apple Hospitality REIT Acquires The Berkeley Hotel in Richmond, Virginia for $7 Million
Apple Hospitality REIT, Inc. | October 11, 2019
RICHMOND, Va.--October 11, 2019--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of a 55-room independent boutique hotel in Richmond, Virginia (the “Hotel”), for a purchase price of approximately $7 million, or $125,000 per key. “We are pleased to add this unique property to our portfolio and expand our presence in the dynamic downtown Richmond market,” said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality. “We plan to renovate and reposition the Hotel, incorporating services and amenities that are consistent with our...
Crestline Hotels & Resorts Selected to Manage New Dual-Branded Hyatt Place and Hyatt House in Arizona
Crestline Hotels & Resorts, LLC | September 24, 2019
FAIRFAX, VA – September 24, 2019 - Crestline Hotels & Resorts, LLC (“Crestline”) announced today its management of the dual-branded Hyatt Place and Hyatt House hotels located on Arizona State University’s Tempe Campus. The hotels, which are scheduled to open in the summer of 2020, will be the first dual-branded Hyatt Hotels in the Tempe market and the first hotels to be developed in the ASU Athletic District. The hotels will be a focal point of the 350-acre Novus Corridor on ASU’s campus, which will ultimately include 3.9 million square feet of office space, nearly 4,000 homes, and 300,000 square feet of retail and restauran...
