Thursday, July 11, 2013

InTown Suites Portfolio Sells for $735M

National Commercial Real Estate News From CoStar Group

InTown Suites Portfolio Sells for $735M

Starwood Capital Group, a global real estate investment firm based in Greenwich, CT, closed on the sale of the InTown Suites company and related real estate assets for a gross price of $735 million.

For Kimco Realty, the largest owner and operator of neighborhood and community shopping centers in North America and majority partner in the InTown Hospitality Investors LP venture, the portfolio had represented the single largest remaining non-retail...

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