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Apple Hospitality REIT buys 2 Hilton-branded hotels for $63M

Apple Hospitality REIT Inc. bought two Hilton Worldwide Holdings Inc-branded hotels for $63 million.

The deal for the 119-room Hampton Inn & Suites by Hilton Atlanta-Downtown at 161 Ted Turner Drive NW in Atlanta and the 144-room Hampton Inn & Suites by Hilton Memphis-Beale Street at 175 Peabody Place in Memphis expands the trust's portfolio to 241 hotels with over 30,500 rooms across 34 states.