- A 112-room Hilton Garden Inn property in Nashville (Smyrna), TN for a purchase price of $12.0 million including planned property improvements. The Company anticipates a post-renovation estimated NTM capitalization rate in the range of 8 to 9 percent.
- A 103-room Courtyard by Marriott in Arlington, TX for a purchase price of $15.25 million including planned property improvements. The Company anticipates a post-renovation estimated NTM capitalization rate in the range of 8 to 9 percent.
Summit Hotel Properties, Inc. Closes On Two Acquisitions
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