According to BusinessWire.com, "the company expects to spend
approximately $305,000 for improvements at this hotel."
The other hotels purchased were Residence Inn by Marriott in Salt Lake City, UT for $20 million and a Hampton Inn & Suites in Tampa, FL for $20.8 million. Summit, a real estate investment trust, currently owns 84 hotels in 21 states.
The East Garden City hotel is located at 5 North Ave. and boasts 122 rooms, an indoor pool, fitness center and conference area, as well as other amenities.