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+--- Thread: ARC HOSPITALITY AQUISATION (/thread-114.html)
ARC HOSPITALITY AQUISATION - TEAM HARLFORUM - 02-18-2016
American reality capital hospitality trust
announced today that it has completed its previously announced acquisition of six hotels totaling 707 rooms for a purchase price of$108.3 million from Summit Hotel Properties, Inc.
a publicly-traded hotel real estate investment trust. The six hotels acquired are branded either by Marriott International or Hilton Hotels & Resorts and are located in Bellevue and Spokane, Washington, and Denver and Fort Collins, Colorado. This transaction increases ARC Hospitality's lodging portfolio to 142 hotels totaling 17,351 rooms across 32 states.