Apple Hospitality REIT Acquires Portfolio of Three Hotels for $126 Million

The portfolio consists of the existing 157-room Hilton Garden Inn Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $29.5 million, or approximately $188,000 per key; the existing and recently renovated 112-room Homewood Suites by Hilton Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $21.5 million, or approximately $192,000 per key; and the existing 243-room Hampton Inn & Suites by Hilton Portland Pearl District in Portland, Oregon, for a total purchase price of $75 million, or approximately $309,000 per key.
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Colliers Q3 2021 Canadian Hotel Investment Report (PDF Download)

Twenty months into the Covid-19 pandemic, the Canadian tourism industry is now on a glide path to normalcy. Investor sentiment for the lodging asset class continues to improve with transaction volume through Q3 reaching nearly $1.1 billion, surpassing full-year volume in 2020 and pacing close behind comparable levels of pre-Covid investment activity in 2019.
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Holiday Inn Express Surpasses 3000 Hotels Globally

Holiday Inn Express has surpassed 3,000 open properties across the globe with more than 300,000 rooms in 2100 cities, continuing to serve as IHG Hotels & Resorts' growth engine.
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