Purchase increases current lodging portfolio to 134 hotels totaling 16,345 rooms across 32 states
Acquisition increases ARC Hospitality's current lodging portfolio to 132 hotels totaling 16,014 rooms across 32 states - Transaction Represents First 10 of Previously Announced Acquisitions of 44 Hotels
Purchase Increases ARC Hospitality's Pro Forma Lodging Portfolio to 166 Hotels Totaling 20,193 Rooms in 34 States
American Realty Capital Hospitality Trust, Inc. announced today that it has entered into an agreement to acquire a portfolio of five hotels totaling 565 rooms for a purchase price of $92.5 million from affiliates of Wheelock Real Estate Fund, L.P. sponsored by Wheelock Street Capital, LLC, a real estate private equity firm.
W2007 Grace Acquisition I, Inc. and WNT Holdings, LLC announced Friday that certain of their subsidiaries have completed the sale of 116 hotels to affiliates of American Realty Capital Hospitality Trust, Inc. for a combined purchase price of approximately $1.808 billion.
Company to Acquire 116 Hotels Totaling 13,744 Rooms in 31 States for a Purchase Price of $1.808 Billion
Purchase Creates One of the Largest Hospitality REITs in North America - 126 Hotels in 35 States Will Mark Company's Biggest Portfolio Acquisition To Date