Apple Hospitality REIT Acquires Courtyard by Marriott and Hyatt House in Salt Lake City USD 82.m.
MANews-(C)2009-2023
Virginia, US-based real estate investment trust Apple Hospitality REIT, Inc. (NYSE: APLE) has acquired 175-room Courtyard by Marriott Salt Lake City Downtown for approximately USD 48.1m, and Hyatt House Salt Lake City/Downtown for approximately USD 34.3m, the company said.
Apple acquired a corresponding 346-space parking garage for approximately USD 9.1m, which serves both hotels as well as the surrounding area.
The acquisition of the Courtyard and the Hyatt House in downtown Salt Lake City expands Apple's presence within the Salt Lake market.
In addition, the company TODAY announced that it has two additional hotels under contract for purchase, the 146-room Residence Inn by Marriott Seattle South/Renton for approximately USD 55.5m, or USD...
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