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WASHINGTON, DC-Hotel REIT MeriStar Hospitality Corporation has sold a portfolio of three properties, one in Texas and two in New Jersey, to an unspecified buyer. Proceeds from the transaction will be applied to the company’s debts. MeriStar is not releasing the financial terms of the deal.

Houston, TX’s Hilton Houston Southwest Hotel has a current value of $9.1 million and the Ramada Inn in Mahwah, NJ is assessed at $11.1 million. Morris County records for Mt. Arlington, NJ’s Four Points by Sheraton Mt. Arlington were unavailable. The properties offer 293 rooms, 139 rooms, and 124 rooms, respectively.

“The disposition of these hotels is part of our continuing effort to sell non-strategic assets,” MeriStar chairman and CEO Paul Whetsell says. “Our hotel ownership focus remains principally upscale, full-service properties concentrated in large, metropolitan markets where barriers to entry are high.”

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