Lightstone Value Plus Real Estate Investment Trust II, Inc. Acquires SpringHill Suites Hotel in Peabody, Mass.

NEW YORK, NY--(Marketwire - Jul 19, 2012) - Lightstone Value Plus Real Estate Investment Trust II, Inc. ("Lightstone Value Plus II" or the "Company") announced today that on July 13, 2012 it completed the acquisition of the SpringHill Suites, a 164-suite hotel located in Peabody, Mass., for approximately $9.25 million before adjustments. The property was originally constructed at a total cost of approximately $17 million.

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