Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RIO DE JANEIRO, BRAZIL-Marriott International Inc. has sold off its JW Marriott on Copacabana Beach resort here to Host Hotels & Resorts Inc. for $47.5 million in cash. The move was part of Marriott’s plan to divest all property ownership and concentrate on management, according to Jones Lang LaSalle, which arranged the sale.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.