10:56 AM EDT, 03/27/2024 (MT Newswires) -- Apple Hospitality REIT ( APLE ) said Wednesday it has acquired the 234-room AC Hotel by Marriott Washington DC Convention Center for about $116.8 million.

The hotel's amenities include modern guest rooms, a 1,500-square-foot fitness center, and a ground floor retail space, the company said.

Shares of the company rose 1.1% in recent trading.

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