apple hospitality reit, inc.
Apple Hospitality REIT Acquires Hampton Inn & Suites by Hilton Downtown St. Paul $31.7 million, or Approximately $198,000 Per Key
Apple Hospitality REIT, Inc. | March 5, 2019
RICHMOND, Va. -- Apple Hospitality REIT, Inc. (NYSE: APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 160-room Hampton Inn & Suites by Hilton Downtown St. Paul (the "Hotel") for a purchase price of $31.7 million, or approximately $198,000 per key. "The Hampton Inn & Suites is ideally located in downtown St. Paul and benefits from the area's wide variety of corporate, leisure and healthcare demand generators," said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality. "St. Paul is a vibrant city with a diversified economy, home to numerous corporate offices i...
Apple Hospitality REIT Acquires Hampton Inn & Suites by Hilton Phoenix Downtown for $44 Million, or $210,000 Per Key
Apple Hospitality REIT, Inc. | May 3, 2018
The new hotel was developed by Mortenson and will be managed by North Central Group. RICHMOND, Va.--Apple Hospitality REIT, Inc. (NYSE: APLE) (the "Company" or "Apple Hospitality") today announced that it acquired the newly constructed 210-room Hampton Inn & Suites by Hilton® Phoenix Downtown for a purchase price of approximately $44 million, or $210,000 per key. "The new Hampton Inn & Suites Phoenix Downtown is a great addition to our portfolio of select-service hotels," said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality. "The hotel is sure to benefit from its prime location in th...
LBA Hospitality and Apple Hospitality Unveil Renovation of 84-Room Residence Inn Dothan in Alabama
LBA Hospitality | February 16, 2018
Residence Inn Dothan held a renovation celebration with an official ribbon cutting on Tuesday, February 13, to unveil the hotel's upgrades in all guest rooms and public spaces. The three-story property's 84 suites now offer updated soft goods including paint, artwork, carpeting, furnishings (sofas and chairs), vinyl wall coverings/ wallpaper, window coverings and lighting. The facility is one of two properties in Dothan, AL, managed by LBA Hospitality and owned by Apple Hospitality REIT, Inc. The Residence Inn Possibilities Décor Packages remodel featuring fresh new decor with contemporary appeal was completed by BMA Architectura...
Apple Hospitality REIT Acquires Hampton Inn & Suites by Hilton Atlanta-Downtown and Hampton Inn & Suites by Hilton Memphis-Beale Street
Apple Hospitality REIT, Inc. | February 6, 2018
RICHMOND, Va.-- Apple Hospitality REIT, Inc. (NYSE: APLE) ("Apple Hospitality" or the "Company") today announced that it acquired the 119-room Hampton Inn & Suites by Hilton® Atlanta-Downtown and the 144-room Hampton Inn & Suites by Hilton® Memphis-Beale Street for a combined purchase price of $63 million, or approximately $240,000 per key. "Memphis and Atlanta are dynamic cities with tremendous appeal for both business and leisure travelers, and we are pleased to strengthen our presence within each market," said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality REIT. "Each of thes...
