SOLD
Apple Hospitality REIT Acquires 299-Room SpringHill Suites By Marriott Las Vegas Convention Center For $75M
2989 Paradise Road - SpringHill Suites by Marriott Las Vegas Convention Center
Hotel
Sold 131 days ago
Summary
Sale
NEVADA
Hotel
Apple Hospitality REIT has acquired the SpringHill Suites by Marriott Las Vegas Convention Center in Las Vegas, Nevada for approximately $75 million. The hotel, located at 2989 Paradise Road, comprises 299 rooms.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $75,000,000
- Address: 2989 Paradise Road - SpringHill Suites by Marriott Las Vegas Convention Center
- Market: Las Vegas, Nevada
The buyer in this transaction is Nelson Knight, representing Apple Hospitality REIT. With this acquisition, Apple Hospitality's portfolio expands to include 225 hotels, totaling 29,900 guest rooms and spanning 38 states. The purchase price of $75 million corresponds to a rate of approximately $251,000 per key.
Details
SOLD
IMAGE: Nelson Knight
DATE: 12/28/2023
ADDRESS: 2989 Paradise Road - SpringHill Suites by Marriott Las Vegas Convention Center
MARKET: Las Vegas, Nevada
ASSET TYPE: Hotel
BUYER: Nelson Knight - Apple Hospitality REIT
SALE PRICE: $75,000,000
KEYS: 299 ~ PPK: $250,836
NOTE: Apple Hospitality REIT has purchased the 299-room SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, at a rate of $251,000 per key. The acquisition expands Apple Hospitality's portfolio to 225 hotels with 29,900 guest rooms across 38 states.View on map
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Address2989 Paradise Road - SpringHill Suites by Marriott Las Vegas Convention Center
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