Apple Hospitality REIT has closed the purchase of a 128-room Home2 Suites by Hilton in Atlanta, Georgia, US, for $24.6m.

Apple Hospitality executive vice president and chief investment officer Nelson Knight said: "We are pleased to add the new Home2 Suites in downtown Atlanta to our portfolio of select service hotels and expand our geographic diversity with entrance into the vibrant downtown Atlanta market.

“The hotel is ideally located within Atlanta and well positioned to benefit from the market’s wealth of diverse corporate, leisure, government and education-related demand generators.”

Home2 Suites by Hilton Atlanta is located at 87 Walton Street in downtown Atlanta. It is located close to several attractions such as Centennial Olympic Park, the CNN Center, the World of Coca-Cola, the College Football Hall of Fame, the Georgia Aquarium, Philips Arena, the Georgia Dome, Georgia State University, etc.

Downtown Atlanta is a popular destination for business or leisure, guests.

After this acquisition, the Apple Hospitality portfolio includes 180 hotels, with over 23,000 guestrooms, across 32 states in the US.