The Atlanta Marriott Alpharetta in the booming north FultonCounty market is among the sold properties. The others are LosAngeles Airport Marriott, Worthington Renaissance in Fort Worth, TXand Frenchman's Reef Marriott Beach Resort in the VirginIslands.

Since January, Marriott has sold 34 hotels and senior livingfacilities for a total $655 million. More sales are in the offing,including 10 properties under development. The divestitures followsMarriott's strategy of shedding ownership but managing the assetsfor other owners.Capital Hotel Investments principals are MarriottInternational and affiliates of Blackacre Capital Management.

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.