Apple Hospitality REIT has acquired a130-room Hyatt Place in downtown Greenville, South Carolina for $30 million, or $231,000 per key.
“Greenville has benefited from the recent shift of companies to smaller, more business-friendly cities and is home to numerous corporations and startups that span a variety of industries,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality.
“We are pleased to grow our portfolio with the acquisition of this recently built Hotel in the heart of Greenville’s charming downtown where visitors and residents can enjoy a wealth of amenities, beautiful outdoor spaces, and a thriving arts and entertainment community. The Hyatt Place Greenville Downtown is a great addition to our portfolio, and we are confident in the ongoing strength of business and leisure travel throughout the Greenville area,” he added.
The Hyatt Place Greenville Downtown opened in December 2018 and is located at 128 East Broad Street in Greenville, South Carolina. The Hotel is ideally situated near a variety of attractions, including Falls Park on the Reedy, the Peace Center, Bon Secours Wellness Arena, the Greenville Zoo, and an array of restaurants, entertainment venues, museums and art galleries.
Following this acquisition, the Apple Hospitality portfolio includes 214 hotels with more than 27,900 guest rooms geographically diversified throughout 35 states.