The Bethesda-based hotel conglomerate will still operate the hotels after the sale through agreements with an affiliate of Host Marriott spin-off Crestline Capital Corp. That affiliate will lease the properties from an affiliate of CNL.
The properties include three TownePlace Suites hotels, three Springhill Suites, Two Courtyard hotels and one Residence Inn with a combined total of 1,143 rooms. They are located in Georgia, Kansas, Maine, Massachusetts, New Jersey, North Carolina, Utah and Virginia.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
