ARC Hospitality Trust Completes $1.8 Billion Acquisition of Equity Inns Lodging 116 Hotel Portfolio

ARC Hospitality | March 2, 2015

NEW YORK, March 2, 2015 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality") announced today that it has completed the previously announced acquisition of the Equity Inns Lodging Portfolio ("Equity Inns" or the "Portfolio") from affiliates of the Whitehall Real Estate Funds sponsored by Goldman Sachs. The total purchase price was $1.8 billion, exclusive of closing costs. The Portfolio consists of 116 hotels totaling 13,744 rooms across 31 states, all franchised by Hilton Hotels & Resorts, Marriott International, Hyatt Hotels and InterContinental Hotels Group. The hotels include leading brands such as Hampton Inn, H...