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APLE - Apple Hospitality beefs up portfolio with additional hotel purchases
Apple Hospitality REIT Inc.
Hotel REIT Apple Hospitality ( NYSE: APLE ) buys 2 Marriott-branded hotels in Kentucky and Pennsylvania for $85M.
APLE bought the AC Hotel by Marriott Louisville Downtown for $51M, and the AC Hotel by Marriott Pittsburgh Downtown for $34M.
With current acquisitions taken into account, APLE's portfolio stands at 220 hotels with 28,983 guest rooms geographically diversified throughout 37 states.