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Interstate Hotels Pays $12M for Williamsburg Marriott

C-III Sells 295-Room Hotel
By Arthur Ferrer
September 5, 2012 | 7:24 P.M.

Interstate Hotels & Resorts formed a joint venture with Waramaug Hospitality LLC to acquire the 295-room Marriott in Williamsburg, VA, from C-III Asset Management LLC for $12 million or $40,678 per room.

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