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Hospitality Properties Trust Company

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October 14, 1997 | Bloomberg News
Hospitality Properties Trust agreed to buy nine hotels, seven of which are still under construction, from Marriott International Inc. for $129 million. Bethesda, Md.-based Marriott would sell three Residence Inns and six Courtyard hotels with a total of 1,336 rooms and operate them under long-term leases. The sales would take place as each hotel opens by the end of next year.
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BUSINESS
October 14, 1997 | Bloomberg News
Hospitality Properties Trust agreed to buy nine hotels, seven of which are still under construction, from Marriott International Inc. for $129 million. Bethesda, Md.-based Marriott would sell three Residence Inns and six Courtyard hotels with a total of 1,336 rooms and operate them under long-term leases. The sales would take place as each hotel opens by the end of next year.
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