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4501 West Walnut Street
SOLD

Justin G. Knight Of Apple Hospitality REIT Inc Buys Rogers Hotel For $33.5M

4501 West Walnut Street

Hotel
clock iconSold 145 days ago
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Summary

Sale
ARKANSAS
Hotel

The property involved in the transaction is a hotel located at 4501 West Walnut Street & 4302 West Walnut Street in Rogers, AR. The asset, comprising 248 keys, was sold by Apple Hospitality REIT Inc. to an undisclosed buyer, Justin G. Knight, for a total of $33,500,000, at a price of $135,080 per room.

Summary of transation details:

  • Property Type: Hotel
  • Transaction Amount: $33,500,000
  • Address: 4501 West Walnut Street & 4302 West Walnut Street
  • Market: Rogers, AR
  • Buyer: Justin G. Knight - Apple Hospitality REIT Inc
  • Keys: 248
  • Price Per Key: $135,080

Apple Hospitality REIT Inc. divested the pair of limited-service hotels in Rogers, Ark., with a total of 248 keys, to Justin G. Knight of Apple Hospitality REIT Inc. The transaction amounted to $33.5 million, signifying a significant exit for the seller in the hotel sector.

Details

Deal Summary
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SOLD
IMAGE: Justin G. Knight DATE: 02/27/2024 ADDRESS: 4501 West Walnut Street & 4302 West Walnut Street MARKET: Rogers, AR ASSET TYPE: Hotel BUYER: Justin G. Knight - Apple Hospitality REIT Inc SALE PRICE: $33,500,000 KEYS: 248 ~ PPK: $135,081 NOTE: Apple Hospitality REIT Inc. divested a pair of limited-service hotels in Rogers, Ark., for a combined $33.5 million, translating to $135,080 per room.

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Address4501 West Walnut Street

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