Summit Hotel Properties completes $163m., 5-hotel portfolio acquisition

Summit Hotel Properties, Inc. announced a execution of a 812-guestroom, 5-hotel portfolio merger from Xenia Hotels Resorts, Inc. for a sum squeeze cost of $163 million, or approximately $201,000 per key. The portfolio includes a 203-guestroom Courtyard Fort Worth Downtown/Blackstone, a 123-guestroom Courtyard Kansas City Country Club Plaza, a 182-guestroom Courtyard Pittsburgh Downtown, a 116-guestroom Hampton Inn Suites Baltimore Inner Harbor, and a 188-guestroom Residence Inn Baltimore Downtown/Inner Harbor. The agreement to acquire a portfolio was formerly announced on Jun 5, 2017.

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Posted by on Jun 28 2017. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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