Apple Hospitality REIT Acquires Homewood Suites by Hilton Tampa-Brandon

▤ Summary

Apple Hospitality REIT announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon for $18.8 million. The company said the hotel fits its portfolio strategy and should benefit from planned renovation and operational synergies. It also noted that it still has one hotel under contract to buy in Nashville and one hotel under contract to sell in Houston. After this transaction, Apple Hospitality’s portfolio grows to 221 hotels across 37 states and the District of Columbia.

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