The largest property traded for $102.6 million.

With 2,855 total guestrooms, the 22-hotel portfolio is spread across 14 states in established and high-growth markets such as Texas, Florida, New Mexico and South Carolina.

The Federal Trade Commission had previously argued that the deal would raise prices by eliminating head-to-head competition, and also weaken union bargaining power.

While some landlords are saying that some people don’t want the cares and concerns of ownership, many have Hobson’s choice.