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Stock Market & Financial Investment News

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December 7, 2012
08:33 EDTAPOApollo, Driftwood JV acquires DoubleTree Suites by Hilton Columbus Downtown
Driftwood Hospitality Management LLC, and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management, announced the acquisition of the DoubleTree Suites by Hilton Columbus Downtown. This is the fifth property acquired through a joint venture between Driftwood and AGRE formed in July 2011 to focus on purchasing, renovating and reflagging full-service hotels throughout the United States. With this week’s closing on the acquisition of the DoubleTree Columbus, the Driftwood/AGRE partnership has now acquired five hotels totaling 1,479 keys nationwide.
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