Goodwin Procter attorneys recently advised American Realty Capital Hospitality Trust (ARC Hospitality) on its completed $1.8 billion acquisition of Equity Inns Lodgings Portfolio from affiliates of Whitehall Real Estate Funds. The acquired portfolio, which includes 116 hotels with a combined 13,744 rooms across 31 states, includes properties franchised by Hilton Hotels & Resorts, Marriott International, Hyatt Hotels and InterContinental Hotels Group. The acquisition establishes ARC Hospitality as one of the largest select-service hotel REITs in North America.
ARC Hospitality is a publicly registered, non-traded real estate investment trust (REIT). ARC Hospitality’s investment strategy focuses on acquiring stable, institutional quality and strategically located lodging properties in North America branded by premium national hotel brands.
The Goodwin team advising on the transaction included partner Samuel Richardson and associates Patrick Hurley and Mitchell Laufer. Partner John Haggerty and associates Will Goldberg and Ryan Sawyer provided additional support.
Additional information regarding the transaction is available in the ARC Hospitality press release.