Apple Hospitality REIT acquires SpringHill Suites in Las Vegas for $75 million, citing events like the 2024 Super Bowl and the city’s expanding leisure travel demand. The hotel, with an average room rate of $152, strategically aligns with Las Vegas’s dynamic growth.
Apple Hospitality REIT Acquires SpringHill Suites in Las Vegas for $75 Million
Clark County property records reveal that the SpringHill Suites by Marriott Las Vegas Convention Center, located off the Strip, has been purchased by Apple Hospitality REIT for $75 million. The 299-room hotel, situated on 1.6 acres and adjacent to the Las Vegas Convention Center, originally opened in 2009.
The acquisition aligns with Apple Hospitality’s strategic move, citing events like the 2024 Super Bowl and Las Vegas’s expanding leisure travel demand. With an average room rate of $152, the hotel’s acquisition is well-timed for the anticipated surge in visitors during the Super Bowl and reflects the dynamic growth of Las Vegas.