Lightstone Value Plus REIT Enters Hotel Market with Acquisition of Two Baymont Inn & Suites Hotels in Texas

Posted on October 28, 2007 by admin

LAKEWOOD, N.J. | The Lightstone Value Plus REIT, the industry?s first ?no front-end load? real estate investment trust, today announced that it has acquired two Baymont Inn & Suites that it plans to immediately convert to Extended Stay Deluxe hotels and renovate over the next year. Located in Houston and Sugar Land, Texas, these hotels represent the initial entry into the hotel market for the …

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