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.
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