Apple Hospitality REIT acquires Motto by Hilton Nashville Downtown for $98.2M

Apple Hospitality REIT, Inc.

Acquired 260-room Motto by Hilton Nashville Downtown for $98.2M ($378K per key), newly constructed.
Acquisition secured via fixed-price take-out contract ahead of development at attractive per-key price.
Nashville CBD/Downtown submarket RevPAR $211 (TTM Oct 2025), ~110% above industry average.
Portfolio expands to 217 hotels (29,580 rooms) across 37 states + DC.
Motto brand complements existing rooms-focused portfolio; located near Broadway and major venues.

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