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Chicago Hotel Firm May Sell More High-End Properties at Discounts to Ease Financial Pressure

Watermark Lodging Already Sold One Property for Less Than Its 2013 Purchase Price
Watermark Lodging Trust owns the Ritz-Carlton Bacara in Santa Barbara, California. (CoStar)
Watermark Lodging Trust owns the Ritz-Carlton Bacara in Santa Barbara, California. (CoStar)

A Chicago-based hotel real estate company trying to navigate the pandemic may sell more properties after the coronavirus sent the hospitality industry into a tailspin.

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