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PHG Trades Southern Pines Residence Inn for $7M

BPM Closes on 80-Room Marriott Property
By Laurie Forbes
November 16, 2012 | 8:05 P.M.

Peachtree Hotel Group completed its trade of the Residence Inn by Marriott in Southern Pines, NC, to a subsidiary of BPM & Co. Inc. for nearly $7.28 million or $90,938 per key.

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