Topic - Hotel Transaction Alabama

Las Vegas Sands Corp. (NYSE: LVS) announced today that the company has entered into a definitive agreement under which Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the Sands Bethlehem property in Pennsylvania for a total enterprise value of $1.30 billion. continue reading →

Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced that it has closed on the previously announced acquisition of the newly-constructed, dual-branded Hilton Garden Inn and Home2 Suites by Hilton property in Birmingham, Alabama, with a combined total of 210 rooms, for a purchase price of approximately $38.4 million, or $183,000 per key. continue reading →

Driftwood Hospitality Management yesterday announced the acquisition of its first Alabama property, the Courtyard Gulf Shores (pictured left). Driftwood will operate the 90-room hotel, joining the Courtyard Miami West/FL Turnpike and Courtyard Chicago Wood Dale/Itasca as their third Courtyard by Marriott franchised property. continue reading →