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BETHESDA, MD-Locally-based DiamondRock Hospitality has completed the sale of a three-hotel portfolio to Inland American for $262.5 million. The three properties are 409-room Griffin Gate Marriott Resort & Spa in Lexington, KY; the Renaissance Waverly, a 521-key hotel in Atlanta; and the 492-key Renaissance Austin (TX). Marriott is managing all three assets, and Eastdil Secured advised DiamondRock on the sale.

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