Apple Hospitality REIT Inc. agreed to sell its 316-room Marriott hotel in Fairfax, Va., for $42 million, with an estimated gain on sale of roughly $1 million.
The deal, signed in June, is likely to close by the end of 2017.
Apple Hospitality to sell Va. Marriott-branded hotel for $42M
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Apple Hospitality REIT Inc. agreed to sell its 316-room Marriott hotel in Fairfax, Va., for $42 million, with an estimated gain on sale of roughly $1 million.
The deal, signed in June, is likely to close by the end of 2017.