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Apple Hospitality Expands Portfolio With Acquisition in Tampa
ZACKS·2025-06-12 23:01

Key Takeaways APLE acquired Homewood Suites Tampa-Brandon for 18.8M,expandingitsFloridafootprint.The126roomhotelbenefitsfromTampasstrongcorporatepresenceandleisureattractions.APLEsexpectedpurchaseofMottoandsaleoftheHoustonMarriottEnergyCorridorwillboostfuturegrowth.AppleHospitalityREIT,Inc. (APLE)recentlyannouncedtheacquisitionofHomewoodSuitesbyHiltonTampaBrandonfor18.8M, expanding its Florida footprint. The 126-room hotel benefits from Tampa's strong corporate presence and leisure attractions. APLE's expected purchase of Motto and sale of the Houston Marriott Energy Corridor will boost future growth.Apple Hospitality REIT, Inc. (APLE) recently announced the acquisition of Homewood Suites by Hilton Tampa-Brandon for 18.8 million, highlighting a strategic move to capitalize on the robust economic growth ...