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Columbia Sussex to Sell 14 Properties

May 24, 2010 12:29 PM

From BusinessCourier.com:
$518-Million Transaction Will Help Firm Reduce $3-Billion Debt
Tri-State’s largest private company, plans to sell 14 of its hotel properties as it struggles with a $3 billion debt load. A California buyer has agreed to pay $518 million in cash and assumed debt for the hotel properties, located in 12 states. Click here for the full story.

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