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RICHMOND-Apple REIT and White Lodging Services have closed a deal in which White Lodging is transferring 16 of its Marriott and Hilton affiliated hotels in seven states to Apple REIT. As part of the agreement, the properties will remain under a long-term management agreement with White Lodging. These 16 properties bring Apple REIT’s total ownership of hotels to more than 240 across the country.

Based in Merrillville, IN, White Lodging began its relationship with Apple REIT in 2005, when Apple REIT acquired its Marriott Hotel in Boulder, CO. White Lodging is now managing 31 hotels for Apple REIT, according to Deno Yiankes, president and CEO of investments and development at the company.

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