HEI Said to Buy Hotel Palomar Arlington for $45M
From Bloomberg Businessweek
HEI Said to Plan to Buy Hotel Palomar Arlington for $45 Million
HEI Hospitality LLC, a closely held lodging investment and management company, is in talks to buy the upscale Hotel Palomar Arlington for about $45 million, according to a person with knowledge of the deal.
An agreement for the $292,200-a-room purchase is likely to be completed soon, said the person, who asked not to be named because the discussions are private. Click here for the full story.
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