An unknown buyer agreed to acquire hampton inn by hilton in fort lauderdale, florida from apple hospitality reit, inc. (nyse:aple) for $20 million.

An unknown buyer agreed to acquire hampton inn by hilton in fort lauderdale, florida from apple hospitality reit, inc. (nyse:aple) for $20 million in october 2019. the transaction is expected to close in december 2019. the net proceeds from the sale will be used to pay down borrowings on the apple hospitality’s revolving credit facility.
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