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Boston & New England  + New England  + Hospitality  | 

Apple Hospitality REIT Snags AC Hotel by Marriott in Maine for $67M

Apple Hospitality REIT Inc. has acquired the 178-room AC Hotel by Marriott in Portland, ME. The sales price was $66.8 million.

The hotel opened in summer 2018 and is located in Portland’s historic district near several cruise ship terminals. The hotel includes a fitness center and two food and beverage concepts.

After the acquisition, Apple’s hospitality portfolio now consists of 213 hotels with approximately 27,800 guest rooms in 35 states. The seller was not disclosed.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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