arc hospitality
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....
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...
