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Apple Hospitality REIT, which continues to be one of the most acquisitive REITs in the market today, closed on a previously disclosed acquisition in Wisconsin while disposing of another asset in North Carolina. 
Richmond, Virginia-based Apple Hospitality announced the deal close (and opening) for the 262-key Embassy Suites by Hilton Madison Downtown for approximately $79.5 million (or $303,000 per key). 
The REIT also announced the recent disposition of the 82-key SpringHill Suites by Marriott Greensboro in Greensboro, North Carolina, for approximately $7.1 million. According to a report in the Triad Business Journal, the hotel was acquired by Lakshmi MAA Inc., which is associated with Southern Pines, North Carolina-based PK Hospitality LLC, which also owns the La Quinta Inn & Suites in Greensboro.