NYSE:APLEHotel and Resort REITs
How Investors Are Reacting To Apple Hospitality REIT (APLE) Expanding With a New Nashville Hilton Motto
Apple Hospitality REIT, Inc. recently acquired and opened the newly built 260-room Motto by Hilton Nashville Downtown for approximately US$98.2 million, or about US$378,000 per key, adding to its upscale, rooms-focused hotel portfolio in a prime entertainment district.
The deal deepens Apple Hospitality’s footprint in Nashville, a market supported by strong tourism and event-driven demand, while aligning with its emphasis on newer, centrally located, rooms-focused assets.
We’ll now examine...