This year's acquisitions comprise 30 properties in 17 statesthat are either owned or under commitment to be acquired by CNL.That volume compares with the company's 1999 volume of nineacquisitions valued at $254 million.
"Access to capital has laid the foundation for yet anotherrecord-breaking year," chief operating officer Charlie Muller tellsGlobeSt.com.
The company's most recent acquisition contract is with MarriottInternational. The nine-hotel purchase package includes threeTownePlace Suites by Marriott; three SpringHill Suites by Marriott;two Courtyard by Marriott assets; and one Residence Inn byMarriott. The properties aggregately contain 1,143 rooms and arelocated in Georgia, Kansas, New Jersey, Massachusetts, Maine, NorthCarolina, Utah and Virginia.
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