MOODY'S ASSIGNS Baa2 RATING TO THE PROPOSED UNSECURED BONDS OF VORNADO REALTY L.P. AND WILL UPGRADE THE PREFERRED STOCK RATING OF VORNADO REALTY TRUST…

BOSTON-Host Marriott Corp. purchases the 1,139-room Boston Marriott Copley Place, located in the Back Bay district of the city for $214 million. The acquisition is part of the company's strategy to buy high quality, large hotels at a discount to replacement cost.

ORLANDO-The hotel investment and development arm of CNL Hospitality Properties, based here, buys the 347-room Bridgewater Marriott and the 405-room San Francisco Courtyard from Marriott International.

BOCA RATON-Construction of the new $5.5 million Count De Hoernle Amphitheater at The Centre for the Arts at Mizner Park gets going as contractor Kaufman Lynn Inc. comes on board. Upon completion, the state-of-the-art facility will be able to accommodate up to 5,000.