{"id":1004228013,"date":"2018-05-07T08:01:06","date_gmt":"2018-05-07T16:01:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004228013"},"modified":"2022-12-08T14:33:48","modified_gmt":"2022-12-08T22:33:48","slug":"apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/","title":{"rendered":"Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" data-attachment-id=\"1004201072\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/summer-street-hotel-approved-in-boston\/hotel-news-01b\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004201072 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Apple Hospitality REIT has grown its Arizona hotel portfolio with the acquisition of a 210-key Hampton Inn &amp; Suites by Hilton in Phoenix. The trust bought its 12th Arizona hotel for $44 million. Developer Mortenson Construction broke ground at the site in March 2017 and finished construction earlier this year.<\/p>\n<p>The REIT owns 11 other hotels in Arizona, including properties in Tucson, Phoenix, Scottsdale and Chandler, all under the Hilton and Marriott brands. Apple Hospitality recently <a href=\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-portfolio\/\">paid $63 million<\/a> for two other Hampton Inn &amp; Suites by Hilton, in Atlanta and Memphis, Tenn.<\/p>\n<p>Hampton Inn &amp; Suites by Hilton Phoenix Downtown opened its doors at the beginning of this month. The hotel is situated at 77 E. Polk St., on the corner with Central Avenue. Its central location puts visitors within walking distance of Phoenix\u2019s central business district, the Phoenix Convention Center, as well as multiple upscale bars, restaurants, entertainment venues and art galleries. Arizona State University\u2019s downtown campus is adjacent to the hotel, while the Arizona College of Medicine is a few minutes away by foot. Two light rail stations are within walking distance as well, and Phoenix Sky Harbor International Airport can be reached in about 10 minutes by car.<\/p>\n<p>Hampton Inn &amp; Suites by Hilton Phoenix Downtown was designed by PK Architects and Design Force and is managed by North Central Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn &amp; Suites by Hilton Phoenix Downtown marks the REIT\u2019s 12th hotel property in the state. <\/p>\n","protected":false},"author":1284,"featured_media":1004201072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,21742,1601,15],"tags":[32950,33212,32805,33976],"class_list":["post-1004228013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-latest","category-phoenix","category-west","tag-apple-hospitality-reit-inc","tag-hampton-inn-suites","tag-hilton","tag-mortenson-construction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy - 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\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy\" \/>\n<meta property=\"og:description\" content=\"Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn &amp; Suites by Hilton Phoenix Downtown marks the REIT\u2019s 12th hotel property in the state.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/\" \/>\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=\"2018-05-07T16:01:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:33:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/\",\"name\":\"Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\",\"datePublished\":\"2018-05-07T16:01:06+00:00\",\"dateModified\":\"2022-12-08T22:33:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/hotel-news-01b.png\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apple-hospitality-expands-az-portfolio-with-44m-phoenix-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. 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