• Northstar USD1.1bn buy

Northstar Realty is buying around 50 Marriott and Hilton hotels in a USD1.1bn deal. The portfolio includes extended stay and select service hotels across 21 US states, reports the Wall Street Journal.
Northstar is linking with Chatham Lodging Trust on the deal. Around two thirds of the properties run under Marriott flags.
Read the full story here:
http://online.wsj.com/articles/northstar-realty-finance-to-buy-1-1-billion-hotel-portfolio-1411045721

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