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Inland American to sell 52 hotels for $1.1 billion

2014-09-18 17:06:21| Real Estate - Topix.net

Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said Thursday that is selling 52 of its hotels to a joint venture for about $1.1 billion. The buyers are real estate investment trusts NorthStar Realty Finance Corp. and Chatham Lodging Trust.

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