Waramaug Hospitality Acquires Two Alabama Properties
Sitting on 2.68 AC, this hotel sold to MH Hospitality for $13,950,000, totaling $142,346 per key room.
The Siegel Group Nevada, Inc., a real estate investment and management company, announced today that it had acquired two former Budgetel extended stay hotels in Birmingham, Alabama. These acquisitions increase the number of Siegel Suites and Siegel Select properties throughout the United States to 58.
Banyan Investment Group today announced that the company completed the acquisition of the 101-room Hotel Indigo Tuscaloosa Downtown in Ala.
Las Vegas Sands Corp. (NYSE: LVS) announced today that the company has entered into a definitive agreement under which Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the Sands Bethlehem property in Pennsylvania for a total enterprise value of $1.30 billion.
Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced that it has closed on the previously announced acquisition of the newly-constructed, dual-branded Hilton Garden Inn and Home2 Suites by Hilton property in Birmingham, Alabama, with a combined total of 210 rooms, for a purchase price of approximately $38.4 million, or $183,000 per key.
Driftwood Hospitality Management yesterday announced the acquisition of its first Alabama property, the Courtyard Gulf Shores (pictured left). Driftwood will operate the 90-room hotel, joining the Courtyard Miami West/FL Turnpike and Courtyard Chicago Wood Dale/Itasca as their third Courtyard by Marriott franchised property.