Apple REIT buys 16 Marriott, Hilton hotels from White Lodging

RICHMOND, VIRGINIA White Lodging Services Corp. has sold 16 of its Marriott- and Hilton-affiliated hotels in seven states to Apple REIT.

White Lodging retains management rights for all of the hotels, bringing to 31 the number of Apple-owned properties managed by White Lodging.

This acquisition boosts Apple REIT’s ownership to more than 240 hotels across the country. “The transaction with Apple REIT, one of our industry’s most professional and prolific owners of premium branded hotels, provides White Lodging with additional capital to continue executing our strategic growth plan at a time when many of our competitors are merely trying to stay afloat,” says Deno Yiankes, president and CEO of investments and development at White Lodging.

Some of the hotels included in the transaction are:

SpringHill Suites Indianapolis/Fishers, Indiana

SpringHill Suites Salt Lake City, Utah

Residence Inn South Bend Mishawaka, Indiana

Residence Inn Phoenix North/Happy Valley, Arizona

Residence Inn Chicago Lake Forest/Mettawa, Illinois

Courtyard Phoenix Chandler/Fashion Center, Arizona

Courtyard Phoenix North/Happy Valley, Arizona

Hilton Garden Inn Lake Forest Mettawa, Illinois

Hilton Garden Inn Naperville/Warrenville, Illinois

Hilton Garden Inn Schaumburg, Illinois

Hilton Garden Inn Austin North, Texas

Hilton Garden Inn Detroit/Novi, Michigan

Embassy Suites Tampa/Brandon, Florida

Fairfield Inn & Suites Phoenix Chandler/Fashion Center, Arizona