Industries Commercial Real Estate

Apple Hospitality completes $38.4 million hotel purchase in Alabama

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Richmond-based Apple Hospitality REIT Inc. it has completed its acquisition of a hotel property in Birmingham, Ala., for $38.4 million.

The newly-constructed, dual-branded Hilton Garden Inn and Home2 Suites by Hilton property has a  combined total of 210 rooms.

The hotel property is situated in the heart of Birmingham’s downtown business district with easy access to the University of Alabama at Birmingham, Children’s of Alabama pediatric hospital, the Birmingham VA Medical Center, Regions Financial Corp.’s headquarters, numerous corporate offices, and a variety of museums, restaurants and entertainment venues.

Following this acquisition, the Apple Hospitality’s portfolio includes 237 hotels, with more than 30,000 guestrooms in 33 states.

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