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Apple Hospitality REIT acquires Home2 Suites by Hilton in anchorage

Published 12/04/2017, 02:26 PM
© Reuters.  Apple Hospitality REIT acquires Home2 Suites by Hilton in anchorage
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  • Apple (NASDAQ:AAPL) Hospitality REIT (NYSE:APLE) announced that it acquired the 135-room Home2 Suites by Hilton® in Anchorage, Alaska, for a purchase price of ~$24M, or $0.178M per key.
  • The Home2 Suites by Hilton® Anchorage/Midtown is located at 4700 Union Square (NYSE:SQ) Drive in Anchorage. The hotel opened in Dec. 2015 and is convenient to Ted Stevens Anchorage International Airport, the University of Alaska Anchorage, the Port of Anchorage, ConocoPhillips (NYSE:COP) Alaska, Providence Alaska Medical Center, Joint Base Elmendorf-Richardson, a variety of corporate offices, and numerous recreational, dining and shopping options.
  • Following this acquisition, the Apple Hospitality portfolio includes 239 hotels, with ~30,300 guest rooms, geographically diversified throughout 34 states.
  • Press Release
  • Now read: Turkey And Gravy: The Brown Bag Portfolio December Update


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