The Bethesda-based hotel conglomerate will still operate thehotels after the sale through agreements with an affiliate of HostMarriott spin-off Crestline Capital Corp. That affiliate will leasethe properties from an affiliate of CNL.

The properties include three TownePlace Suites hotels, threeSpringhill Suites, Two Courtyard hotels and one Residence Inn witha combined total of 1,143 rooms. They are located in Georgia,Kansas, Maine, Massachusetts, New Jersey, North Carolina, Utah andVirginia.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.