The four properties included in the joint venture acquisitionare: the Sheraton Frazer Great Valley in Frazer, PA, which has 198rooms; the Sheraton Mahwah in New Jersey, which has 225 rooms; theLatham Hotel Georgetown in Washington, DC, which has 142 rooms; andthe Hilton Lafayette in Louisiana, which has 327 rooms.
Interstate manages all four hotels under new managementagreements. Interstate funded the acquisition with available cashand capacity under its senior revolving credit facility.
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