Summit Hotel Properties to acquire hotels in San Francisco, Minneapolis

03/11/2014 | (free registration)

Summit Hotel Properties has agreed to acquire the 210-room DoubleTree by Hilton Hotel San Francisco Airport for $39 million and said it would invest $4.1 million in property upgrades. The company is also buying a 211-room Hampton Inn & Suites property in Minneapolis for $37.7 million in a deal expected to close by the middle of next year.

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