AC Hotel by Marriott Boston Downtown Sold for $89.0 Million

RLJ Lodging Trust (NYSE: RLJ) today announced that it has acquired the fee simple interest in the recently constructed 205-room AC Hotel by Marriott Boston Downtown for a purchase price of $89.0 million, or approximately $434,000 per key
Source: New feed

Westin Minneapolis Hotel Sold

Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, today announced the purchase of the Westin Minneapolis in Minnesota in partnership with HEI Hotels & Resorts.
Source: New feed