Real Hospitality Group and Aspect Investment Partners purchased a four-hotel portfolio. The price of the deal was not disclosed. The four properties include the Hilton Garden Inn and the Hampton Inn in Nashville Smyrna, Tennessee; the Hyatt Place Phoenix North and the Aloft Broomfield Denver. Totaling 461 beds, the sale brings Real Hospitality Group’s portfolio of owned and managed assets to 105 hotels in 16 states. The joint venture represents part of Aspect’s third hospitality investment platform. Aspect, through its three platforms, owns 19 hotels in 16 cities.
“We are excited about our partnership with Aspect and believe that these four properties in these key locations are aligned with our strategic growth plan to acquire institutional grade hotel properties in dynamic markets as we continue to expand our footprint across the country,” said Ben Seidel, president and CEO of Real Hospitality Group.
