Apple Hospitality buys three hotels

Jessica Sabbath //July 16, 2015//

Jessica Sabbath// July 16, 2015//

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Apple Hospitality REIT has bought three hotels in Florida and California.

The Richmond-based real estate investment trust purchased the 156-room Hampton Inn in downtown Ft. Lauderdale, Fla. for $23 million, the 110-room Hampton Inn in Cypress Calif. for $20 million and the 170-room SpringHill Suites by Marriott in Burbank, Calif. for $60 million.

Apple Hospitality’s portfolio includes 174 hotels in 32 states.

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