DALLAS and TORONTO, March 7,
2022 /CNW/ -- NexPoint Hospitality Trust ("NHT")
(TSX-V: NHT.U) announced today the acquisitions of two assets,
expanding NHT's footprint into two new markets.
NHT acquired the Hyatt Place in Park
City, Utah on February 15,
2022. Located minutes away from one of America's premier
outdoor sports destinations, the Hyatt Place has 122 rooms, several
dining options, an outdoor pool and hot tub, and secure sports
equipment storage options.
Additionally, NHT acquired the Hampton Inn & Suites
Bradenton Downtown Historic District in Bradenton, Florida on February 22, 2022. The property boasts 119
rooms, a fitness center, an outdoor pool, and 2,282 square feet of
meeting space. The Hampton Inn & Suites is centrally
located, with easy access to several beaches, a business district,
and various entertainment venues.
About NexPoint Hospitality Trust
NexPoint Hospitality Trust is a publicly traded real estate
investment trust, with its Units listed on the TSX Venture Exchange
under the ticker NHT.U. NHT is focused on acquiring, owning and
operating well located hospitality properties in the United States that offer a high current
yield and in many cases are underperforming assets with the
potential to increase in value through investments in capital
improvements, a market-based recovery, brand repositioning, revenue
enhancements, operational improvements, expense inefficiencies, and
exploiting excess land or underutilized space. NHT owns 13 branded
properties sponsored by Marriott, Hilton, Hyatt, and
Intercontinental Hotels Group, located across the U.S. NHT is
externally advised by NHT Real Estate Advisors VI, L.P. For more
information, visit www.nht.nexpoint.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For Further Information:
Jackie Graham
Investor Relations
JGraham@nexpoint.com
Chief Financial Officer
Brian Mitts
214.276.6300
BMitts@nexpoint.com
Media Inquiries
MediaRelations@nexpoint.com
SOURCE NexPoint Hospitality Trust