Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

American Hotel Income Properties REIT LP agrees to acquire two Embassy Suites by Hilton Hotels for US$57.6 million

Fasken
Reading Time 1 minute read Subscribe
Client

O’Neill Hotels and Resorts/ONE Lodging Management/Tower Rock Hotels & Resorts

American Hotel Income Properties REIT LP (“AHIP”) agreed to acquire two Embassy Suites by Hilton hotels located in Dallas, Texas and Tempe, Arizona for an aggregate purchase price of approximately $57.6 million on July 13, 2016. Tower Rock Hotels & Resorts is the exclusive manager for the AHIP portfolio and will manage the two hotels consisting of 529 total guestrooms. Upon the completion of this acquisition, AHIP’s portfolio will consist of 82 hotels, with 37 branded hotels and 45 rail crew hotels. Carmine Boskovich was counsel to Tower Rock Hotels & Resorts.

    Subscribe

    Receive email updates from our team

    Subscribe