{"id":1004124188,"date":"2015-07-29T02:45:09","date_gmt":"2015-07-29T10:45:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356267"},"modified":"2020-05-19T02:37:37","modified_gmt":"2020-05-19T10:37:37","slug":"hunt-valley-residence-inn-reaches-a-new-summit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hunt-valley-residence-inn-reaches-a-new-summit\/","title":{"rendered":"Hunt Valley Residence Inn Reaches A New Summit"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

\"Summit<\/a>Summit Hotel Properties, Inc.<\/a> continues its expansion in the U.S. The real estate investment trust has recently added two more hotels to its portfolio of properties, and one of them is located in Baltimore.<\/p>\n

Summit\u2019s new Baltimore hotel is the Residence Inn by Marriott in Hunt Valley<\/a>. The property is located just 18 miles from downtown Baltimore and close to the MTA Light Rail station, which provides service to BWI International Airport, the Inner Harbor and Camden Yards, home of the Baltimore Orioles.<\/p>\n

\"Residence<\/a><\/p>\n

Residence Inn by Marriott in Hunt Valley<\/p>\n<\/div>\n

The REIT paid $31.1 million to buy the 141-key hotel from an unnamed seller and plans to invest an additional $1.5 million next year to upgrade the property. Summit also announced that it has hired Interstate Hotels & Resorts<\/a> to manage the Hunt Valley Residence Inn.<\/p>\n

The second hotel\u2014also a Residence Inn\u2014is located outside of New York City, in Branchburg, N.J. Summit paid $25.7 million to purchase the 101-key property.<\/p>\n

The two acquisitions were funded by advances on the REIT\u2019s senior unsecured credit facility. With the new Residence Inns, Summit\u2019s portfolio now consists of 95 hotels, with a total of 12,175 guestrooms across 24 states.<\/p>\n","protected":false},"excerpt":{"rendered":"

Summit Hotel Properties Inc. continues its expansion in the U.S. with two new acquisitions.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[],"class_list":["post-1004124188","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest"],"acf":[],"yoast_head":"\nHunt Valley Residence Inn Reaches A New Summit - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hunt-valley-residence-inn-reaches-a-new-summit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hunt Valley Residence Inn Reaches A New Summit\" \/>\n<meta property=\"og:description\" content=\"Summit Hotel Properties Inc. continues its expansion in the U.S. with two new acquisitions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hunt-valley-residence-inn-reaches-a-new-summit\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-29T10:45:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T10:37:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Summit-Logo.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Hunt Valley Residence Inn Reaches A New Summit\",\"datePublished\":\"2015-07-29T10:45:09+00:00\",\"dateModified\":\"2020-05-19T10:37:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/\"},\"wordCount\":208,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Summit-Logo.jpg\",\"articleSection\":[\"Baltimore\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hunt-valley-residence-inn-reaches-a-new-summit\\\/\",\"name\":\"Hunt Valley Residence Inn Reaches A New Summit - 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