Hotel portfolio sale includes Albuquerque property
Equity Inns Inc. is acquiring a portfolio of eight hotels that includes a Residence Inn in Albuquerque for about $90.5 million. Equity, based in Germantown, Tenn., is a hotel real estate investment trust. The hotels in the portfolio include four Residence Inn by Marriott properties in Spokane, Wash., Shreveport, La. and Kansas City, Mo., in addition to Albuquerque. It also includes two Courtyard by Marriott hotels in Reno, Nev., and Shreveport, as well as a Fairfield Inn and Suites in Reno and a Fairfield Inn in Shreveport.