Apple hospitality reit, inc. (nyse:aple) completed the acquisition of boutique hotel in downtown richmond, virginia from golden bear llc for $6.9 million

Apple hospitality reit, inc. (nyse:aple) entered into an agreement to acquire boutique hotel in downtown richmond, virginia from golden bear llc for approximately $7.3 million in july 2019. the expected closing date is before the end of 2019. apple hospitality reit, inc. (nyse:aple) completed the acquisition of boutique hotel in downtown richmond, virginia from golden bear llc on october 10, 2019. the 55-room hotel is sold for $125,000 per key.
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