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Supertel Hospitality,
Inc.
SPPR, a real estate investment trust (REIT) which
currently owns 94 hotels in 23 states, today announced that it has
entered into an agreement to acquire the TownePlace Suites, located
in Johnston (Urbandale), Iowa for a purchase price of $10.2 million,
excluding closing costs and fees. The 116-room studio-suite hotel
opened in December 2007, and features four unique one and two bedroom
floor plans that cater to an extended-stay guest with separate living
and sleeping areas, home office with complimentary high-speed
wireless Internet, and fully equipped kitchen. In addition, the hotel
includes 1,000 square feet of function space, a fitness area, and
indoor pool. The hotel is ideally located off I-80, minutes from
downtown Des Moines, and nearby multiple national corporations,
popular shopping, dining, recreation, and entertainment areas.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsAsset Sales
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