Apple Hospitality REIT Acquires Two Hilton-Branded Hotels in Atlanta, Memphis for $63M
ATLANTA AND MEMPHIS, TENN. — Apple Hospitality REIT, a lodging investment firm based in Richmond, Va., has acquired two Hilton-branded hotels in downtown Atlanta and downtown Memphis for a combined $63 million. The Atlanta asset is the 119-room Hampton Inn & Suites by Hilton Atlanta-Downtown, located at 161 Ted Turner Drive N.W. The hotel is situated within walking distance to Centennial Olympic Park, the CNN Center, the World of Coca-Cola, the Georgia Aquarium and the Mercedes-Benz Stadium. The Memphis property is the 144-room Hampton Inn & Suites by Hilton Memphis-Beale Street, located at 175 Peabody Place. The hotel is located near the Beale Street Entertainment District, FedEx Forum, AutoZone Park, the Memphis Cook Convention Center, the Orpheum Theatre, the National Civil Rights Museum and Graceland.