RALEIGH, NC—Concord Hospitality Enterprises,headquartered here, said Monday it had sold a portfolio of 13select-service hotels, including 11 with Marriottbrands and two Hilton-branded, for a total ofabout $240 million in cash. The buyers were not identified, exceptas “companies owned by a global investment fund,” nor were thelocations of the assets themselves.

Crain's Cleveland Business reported earlier this monththat Concord had sold the Hampton Inn Cleveland Downtown for $19.8million to an entity known as Black Sapphire CCleveland 2014 Inc. According to Delaware state records, BlackSapphire C Cleveland was one of more than a dozen C corporationsthat were incorporated in the state on Jan. 9 under the BlackSapphire name.

Similarly, recent published reports on sales of Concordproperties in Dayton, OH and Columbus, OH identify the buyers asBlack Sapphire C Dayton 2014 Inc. and Black Sapphire C Columbus2014 Inc., respectively. Other C corps established in Delaware onJan. 9 include similarly named entities referring to Chicago,Dallas, Houston, Pittsburgh, Reading, PA and Parsippany, NJ.