Vista Acquisitions, LLC agreed to acquire Hampton Inn & Suites - Miami from Lightstone Value Plus REIT II, Inc. (OTCPK:LVPR) on May 8, 2023. In a related transaction, Vista Acquisitions also acquired Hampton Inn & Suites ? Fort Lauderdale from Lightstone Value Plus REIT II on July 17, 2023. The aggregate contractual sales price of both deals is $28 million. In connection with the transactions, the Sellers used proceeds of $16.7 million to make a principal paydown on its revolving credit facility reducing its outstanding balance to $101.5 million. The net proceeds from the disposition of the Florida Hotel Portfolio were $10.3 million, after the aforementioned principal paydown, closing costs, pro rations and other working capital adjustments. The Florida Hotel Portfolio are classified as held for sale.

Vista Acquisitions, LLC completed the acquisition of Hampton Inn & Suites - Miami from Lightstone Value Plus REIT II, Inc. (OTCPK:LVPR) on July 21, 2023.