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Benzinga

Business

Shivani Kumaresan

Baywood Hotels Acquire Homewood Suites By Hilton Reading

HLT FirstEnergy Stadium NYSE Pennsylvania

Homewood Suites by Hilton, part of Hilton Hotels Corp's (NYSE:HLT) All Suites portfolio, stated that Baywood Hotels has acquired Homewood Suites by Hilton Reading in Pennsylvania. Financial terms not disclosed.
The hotel has 119 suites, offering a combination of studio, one- and two-bedroom accommodations, featuring fully-equipped kitchens and separate living and sleeping areas.
The property also offers a meeting room and has access to Reading Regional Airport, FirstEnergy Stadium, and Broadcasting Square Shopping Center.
Price Action: HLT shares are trading lower by 2.8% at $138.04 on the last check Friday.

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