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138-property InTown Suites chain up for sale

1 min reading time

Published on 13/06/11 - Updated on 17/03/22

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The largest owner and operator of budget extended-stay hotels is on the market.

Kimco Realty Corp. is selling InTown Hospitality Corp. and its brand, InTown Suites, comprising 138 properties and 17,978 guestrooms. Kimco, which primarily owns retail real estate, has a 75% stake in the Atlanta-based hotel company, with Westmont Hospitality Group a minority owner.The asking price for InTown has not been publicly disclosed, but the portfolio is valued at an estimated US$100 million. The sale is being handled by Citigroup.The asking price for InTown has not been publicly disclosed, but the portfolio is valued at an estimated US$100 million. The sale is being handled by Citigroup.

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