hunt valley residence inn
Summit Hotel Properties Continues Growth, Acquires Two Residence Inn Hotels For $56.8 Million
Summit Hotel Properties | July 27, 2015
AUSTIN, Texas, July 27, 2015 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it completed the acquisition of two Residence Inn by Marriott hotels located in Baltimore (Hunt Valley), Md. and Branchburg, N.J. on July 24, 2015 for an aggregate purchase price of $56.8 million. "We are very happy to announce the addition of these Residence Inn hotels to our portfolio. We remain very positive on the current state of the lodging cycle and see these two acquisitions as solid contributors to our long-term growth plan," said Daniel P. Hansen, President and Chief Executive Officer. "Both of these acquisitions are ...
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