Apple Hospitality REIT acquires Homewood Suites Tampa-Brandon for $18.8M

Apple Hospitality REIT, Inc.

Purchase price $18.8M ($149K per key) for 126-room Homewood Suites by Hilton in Tampa, FL.
Acquisition represents a 12% cap rate on trailing twelve-month results through April 2025.
Hotel adjacent to existing Embassy Suites; expects operational synergies and upside from planned renovation.
Also has Motto by Hilton Nashville under contract (~$98.2M, 260 rooms) and Houston Marriott sale (~$16.0M, Q3 2025).
Portfolio now includes 221 hotels with 29,893 rooms across 37 states and D.C.

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