Cottonwood Canyon

Apple Hospitality REIT Acquires Courtyard by Marriott and Hyatt House in Downtown Salt Lake City and Announces Two Additional Hotels Under Contract for Purchase

Retrieved on: 
木曜日, 10月 12, 2023
REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, STR, Walking, NYSE, Cottonwood Canyon, Acquisition, Investment, Tourism, Utah State Capitol, Real estate, Vivint Arena, Transport, Hyatt House, University, Temple Square, Salt Palace, Salt Lake City International Airport, Real estate mortgage investment conduit, Embassy Suites by Hilton, Hospitality, Courtyard, Hotel

“The acquisition of the Courtyard and the Hyatt House in downtown Salt Lake City expands our presence within the vibrant Salt Lake market, an area well known for its business-friendly environment, attractive cost of living, cultural attractions and proximity to outdoor recreational activities, which has seen significant economic growth in recent years and is poised for continued expansion.

Key Points: 
  • “The acquisition of the Courtyard and the Hyatt House in downtown Salt Lake City expands our presence within the vibrant Salt Lake market, an area well known for its business-friendly environment, attractive cost of living, cultural attractions and proximity to outdoor recreational activities, which has seen significant economic growth in recent years and is poised for continued expansion.
  • We are actively underwriting additional opportunities and are well positioned to further add to our portfolio in the coming months.”
    The Courtyard Salt Lake City Downtown is located at 345 West 100 South, Salt Lake City, Utah, and the Hyatt House Salt Lake City/Downtown is located at 140 South 300 West, Salt Lake City, Utah.
  • The Courtyard opened in October 2015 and the Hyatt House, which recently underwent a full soft-goods renovation, opened in January 2015.
  • Following the acquisition of the downtown Salt Lake City hotels, the Apple Hospitality hotel portfolio includes 222 hotels with 29,263 guest rooms geographically diversified throughout 37 states.