The Atlanta Marriott Alpharetta in the booming north Fulton County market is among the sold properties. The others are Los Angeles Airport Marriott, Worthington Renaissance in Fort Worth, TX and Frenchman's Reef Marriott Beach Resort in the Virgin Islands.
Since January, Marriott has sold 34 hotels and senior living facilities for a total $655 million. More sales are in the offing, including 10 properties under development. The divestitures follows Marriott's strategy of shedding ownership but managing the assets for other owners.Capital Hotel Investments principals are Marriott International and affiliates of Blackacre Capital Management.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
