American Hotel Income Properties Announces Agreement to Acquire 12 Premium Branded Hotels for $191.0 Million
American Hotel Income Properties Announces Agreement to Acquire 12 Premium Branded Hotels for $191.0 Million 3AHIP also confirms completion of the previously announced profitable sale of the Economy Lodging portfolio for gross proceeds of $215.5 million Acquisition of the 12 Premium Branded hotels at an approximate 8% capitalization rate The hotels, all built in the last five years, are being acquired below replacement cost Transaction follows …
News story posted on 2019-11-28T13:18:00.0000000Z