/
|
The properties are the 250-key Hampton Inn Boston - Logan Airport and the 149-key Hilton Garden Inn Tysons Corner in Vienna, Virginia, for a combined purchase price of $96 million, or $241,000 per key. The purchase price represents an 8.8% capitalization rate based on forecasted 2024 net operating income and no meaningful capital expenditures are planned prior to the fourth quarter of 2026.