PALM BEACH—Carey Watermark just grabbed the Boca Raton Marriott at Boca Center. Financial terms of the deal were not disclosed, but Carey plans to launch a $7 million renovation on the Palm Beach County hotel.

Located at 5150 Town Center Circle in Boca Raton, FL, the full-service hotel has 256 rooms at the Boca Center, a mixed-use development that includes 375,000 square feet of class A office space, 21 retail stores, and 12 restaurants.

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