ORLANDO-The price for the 1,143 rooms equates to $87,489 per room. The properties are in Georgia, Kansas, New Jersey, Massachusetts, Maine, North Carolina, Utah and Virginia.
Five of the assets were acquired in mid-August. CNL will close on the four other properties by yearend. CNL will lease the hotels to Crestline Corp. while Marriott continues to operate the inns.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
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