Summit Hotel Properties completes the acquisition of the Hampton Inn located in Boston (Norwood), Mass. and the Hotel Indigo located in Asheville, N.C. for an aggregate purchase price of US$59 million.
The 139-room Hampton Inn will be rebranded as a Hampton Inn & Suites by Hilton following US$2.3 million?capital improvements.
The 115-room Hotel Indigo will undergo?US$400,000?capital improvements over the next 12.
As of?July 8, Summit?s portfolio consisted of 93 hotels with a total of 11,933 guestrooms.