Hospitality Properties Trust Acquires Wisconsin’s Crowne Plaza Milwaukee West for $30 Million

May 8, 2019

NEWTON, Mass. -- Hospitality Properties Trust (Nasdaq: HPT) today announced it has completed the purchase of the 198-room Crowne Plaza Milwaukee West in Milwaukee, WI for $30.0 million, or approximately $151,500 per key. The hotel will be added to HPT's existing agreement with Intercontinental Hotels Group. "The Crowne Plaza Milwaukee West is ideally located in an economically vibrant suburban community just west of downtown," said John Murray, Hospitality Properties Trust's President and Chief Executive Officer. "Built in 2008, this full service hotel is supported by strong demand generators from the area's healthcare, technology and i...