LONG BEACH, CA-Carey Watermark Investors has sold its 49% interest in two waterfront hotels here to its JV partner for close to $23 million. Ensemble Hotel Partners LLC will retain all obligations, including third party debt.
via Los Angeles http://www.globest.com/news/12_652/losangeles/hotel/JV-Shuffles-Two-Waterfront-Hotels-335760.html
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