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Two weeks after disclosing the agreement, leading U.S. hotel owner/operator Summit Hotel Properties (NYSE: INN) has finalized its deal with Noble Investment Group out of Atlanta to acquire four hotels totaling 652 guestrooms for $164 million, or approximately $252,000 per key, in an off-market transaction.
Summit’s investment includes the 207-guestroom Courtyard New Haven at Yale; the 175-guestroom Residence Inn Cleveland Downtown; the 148-guestroom…
Article From: "Key Realty Commercial Real Estate News" Read full article