The six hotels total 707 rooms and were sold to American Realty Capital Hospitality Trust for $108.3M. They're branded either by Marriott or Hilton, and located in Bellevue and Spokane, Washington, and Denver and Fort Collins, Colorado.
In addition to this deal, the two parties have reinstated a previously terminated agreement for Summit (NYSE:INN) to sell a portfolio of 10 hotels to ARC Hospitality. This sale should close late this year.
Source: Press release
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