Apple REIT Eight buys 7 hotels for $107.1 million

10/8/2008 |

The billion-dollar Apple REIT Eight has spent $107.1 million to purchase a portfolio of seven Marriott and Hilton hotels from Newport Hospitality Group. Newport will continue as manager of the properties, which include a 125-room Courtyard by Marriott in Harrisonburg, Va., and a 131-room Hampton Inn in Bowling Green, Ky.

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