apple hospitality reit
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 Completes Acquisition of Embassy Suites by Hilton South Jordan Salt Lake City
Apple Hospitality REIT, Inc. | November 22, 2023
RICHMOND, Va.--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it has completed the acquisition of the 192-room Embassy Suites by Hilton South Jordan Salt Lake City (the “Hotel”) for approximately $36.8 million, or $191,000 per key. “We are pleased to expand our portfolio with the acquisition of this ideally located Embassy Suites by Hilton in South Jordan,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “South Jordan is a thriving, dynamic city in the Salt Lake City metropolitan area that has experienced strong economic, employment an...
Apple Hospitality REIT Completes Acquisition of Residence Inn by Marriott Seattle South/Renton for $55.5M
Apple Hospitality REIT, Inc. | October 23, 2023
RICHMOND, Va.--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it has completed the acquisition of the 146-room Residence Inn by Marriott Seattle South/Renton (the “Hotel”) for approximately $55.5 million, or $380,000 per key. “We are pleased to further diversify and enhance our portfolio with the acquisition of this recently-built, extended-stay hotel in Renton,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “Renton is well known for its strong business environment that spans aviation, aerospace, manufacturing, technology, life scien...
Apple Hospitality REIT Acquires 175-Room Courtyard by Marriott and 159-Room Hyatt House in Downtown Salt Lake City
Apple Hospitality REIT | October 12, 2023
RICHMOND, Va. --Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 175-room Courtyard by Marriott Salt Lake City Downtown for approximately $48.1 million, or $275,000 per key; the 159-room Hyatt House Salt Lake City/Downtown for approximately $34.3 million, or $215,000 per key; and a corresponding 346-space parking garage for approximately $9.1 million, which serves both hotels as well as the surrounding area. “While overall industry transaction volume remains muted, the strength of our operating performance and our relative liquidity position have provided us w...
Apple Hospitality REIT Acquires the Courtyard by Marriott Cleveland University Circle for $31M
Apple Hospitality REIT, Inc. | July 6, 2023
RICHMOND, Va.--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the newly renovated Courtyard by Marriott Cleveland University Circle (the “Hotel”) for $31 million, or approximately $201,000 per key. “We are pleased to grow our portfolio with the acquisition of this custom-designed, recently renovated Courtyard by Marriott in the heart of Cleveland’s University Circle district,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “Cleveland offers a wide variety of demand generators from business and leisure to academic, heal...
Residence Inn Manassas Battlefield Park, Virginia Completes Major Renovation
Residence Inn Manassas Battlefield Park | April 11, 2023
FAIRFAX, VA – April 11, 2023 The Residence Inn by Marriott Manassas Battlefield Park, VA, is proudly welcoming guests to its updated and refreshed facilities. The renovation includes all 107 suites, public spaces, meeting rooms, and the building’s exterior. The hotel is managed by Crestline Hotels & Resorts and is owned by Apple Hospitality REIT. Guests are welcomed into a newly redesigned lobby with stylish furnishings, new flooring, and artwork, as well as updated technology that includes a state-of-the-art printing station. All suites are refreshed with new furnishings, flooring, HDTVs, and bathroom upgrades. Thr...
LBA Hospitality Completes Renovation of Home2 Suites by Hilton Jacksonville, North Carolina
LBA Hospitality | March 30, 2023
JACKSONVILLE, N.C., March 30, 2023 -- LBA Hospitality, an Alabama–based hotel management company, today announced that Home2 Suites by Hilton Jacksonville, NC has completed its renovation. Located at 139 Circuit Lane in Jacksonville, North Carolina the 105-room hotel has undergone a complete transformation of its guestrooms and public spaces. The hotel is owned by Apple Hospitality REIT, Inc. of Richmond, Virginia and managed by LBA Hospitality of Dothan, Alabama. Situated near Camp Lejeune Marine Base, Lejeune Memorial Gardens, New River Air Station, Riverwalk Park and Onslow Beaches, the four-story hotel is also just a short drive...
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...