Flynn properties and vÄrde partners form joint venture, acquire 20 select service hotels

San francisco & minneapolis--(business wire)--flynn properties inc. (“flynn”), owner of commercial real estate, luxury resorts and select service hotel properties in america and abroad, in a joint venture with vÄrde partners, a leading global alternative investment firm, today announced that it has acquired 20 select service hotels – 11 marriott®- and nine hilton®-branded locations – in a $211 million deal with apple hospitality reit (nyse: aple), a publicly traded real estate investment trust
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