WaltonTCC Hotel Investors V LLC.

The closing came just three days after the Fort Worth-based REITinked a definitive agreement for a $6.5-billion lock,stock and barrel sale of remaining assets to Morgan Stanley RealEstate. Walton's contract, one of several pending deals from theREIT's transition schedule, has been on the table since earlyApril.

Crescent officials late yesterday afternoon declared the dealwith the Chicago-based Walton, which fell out once, had closed. TheFairmont Sonoma Mission Inn & Spa and neighboring Sonoma GolfClub at 17700 Arnold Dr. in Sonoma, CA was severed from theoriginal stack, but will close in the second quarter. The Sonomapiece will gross $175 million, bumping yesterday's $445-millionpass to the full $620 million, of which Crescent expects to grossabout $580 million and a net of roughly $250 million. As previouslyreported, proceeds will be used to pay down secured debt and applythe balance to its 2007 debt maturities and revolving creditline.