hampton inn & suites by hilton
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...
Hampton by Hilton Unveils New Prototype
Hampton by Hilton | May 1, 2018
MCLEAN, Va.--Hampton by Hilton, Hilton's (NYSE: HLT) upper-midscale brand, announced today a new Hampton Inn & Suites by Hilton and Hampton Inn by Hilton prototype for the Americas. Featuring a contemporized exterior design, refreshed public space décor and updated guestroom case goods, the new prototype provides owners and developers with a flexible building model that embraces emerging guest preferences, improved functionality and design efficiency. The new prototype builds on Hampton's existing model, positioning the brand for continued success and category leadership. In addition, the new prototype will help continue to d...
North Point Hospitality Celebrates Groundbreaking of New Hampton Inn & Suites by Hilton Atlanta Midtown
Hampton by Hilton | March 21, 2018
Atlanta, GA – March 21, 2018 – North Point Hospitality, an award-winning Atlanta based hotel development and operations company, celebrated the groundbreaking of its Hampton Inn & Suites by Hilton Atlanta Midtown yesterday with a private ceremony. Senior executives from Hilton Worldwide, Fifth Third Bank, First Tennessee Bank, and North Point Hospitality were in attendance. In celebration of today's groundbreaking ceremony and North Point's commitment to the hospitality community, the company added $25,000 to the North Point Hospitality Scholarship in the School of Hospitality, Robinson College of Business at Georgia Sta...
MCR Acquires Hampton Inn & Suites by Hilton in Chicago Suburb for $12.75 Million
MCR | October 17, 2017
NEW YORK--MCR, the seventh largest hotel owner-operator in the United States, today announced that it has acquired the 120-room Hampton Inn & Suites by Hilton located in Mount Prospect, Illinois, a northwest suburb of Chicago, for $12.75 million. The property is located in Randhurst Village, a one million square foot open-air lifestyle center. "The acquisition of this property by MCR represents the investment of a high-quality hotel with an industry leading brand at a price well below replacement cost," said Tyler Morse, Chief Executive Officer and Managing Partner of MCR. "The hotel is positioned to provide attractive returns to ou...
