Apple Hospitality REIT buys Anchorage hotel for $24 million
Richmond-based Apple Hospitality REIT Inc. has acquired the 135-room Home2 Suites by Hilton in Anchorage, Alaska, for about $24 million.
“We are pleased to add this extended-stay hotel to our portfolio and increase our presence in the dynamic Anchorage market,” Nelson Knight, Apple’s executive vice president and chief investment officer, said in a statement.
Home2 Suites is the fifth hotel that Apple has bought in the past three months.
The hotel opened in December 2015 and is convenient to Ted Stevens Anchorage International Airport, the University of Alaska Anchorage, the Port of Anchorage, ConocoPhillips Alaska, Providence Alaska Medical Center, Joint Base Elmendorf-Richardson and a variety of corporate offices.
Apple’s portfolio includes 239 hotels with about 30,300 guest rooms in 34 states.