Apple Hospitality REIT, Inc Acquires Hotel In Louisville, KY For $51M

The hotel located at 727 E Market St in Louisville, KY was recently sold in a transaction. The property is a hotel asset, and it was sold for a total price of $51,000,000. The sale was completed on October 31, 2022. The hotel consists of 156 keys, and the price per key (PPK) is calculated to be $326,923.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $51,000,000
• Address: 727 E Market St, Louisville, KY
• Market: Louisville, KY
• Buyer: Apple Hospitality REIT, Inc - Nelson Knight
• Keys: 156
• PPK: $326,923

Nelson Knight of Apple Hospitality REIT, Inc represented the buyer in this transaction. The sale of the hotel represents a significant deal in the market, and Apple Hospitality REIT, Inc has made a strategic investment in the Louisville, KY hospitality sector.