LAS VEGAS— MeriStar Hospitality has sold its 201-room Crowne Plaza property here to a private, California-based investment partnership, with the dollar amount of the transaction undisclosed. Insignia/ESG Hotel Partners helped pull this deal together. According to Paul Whetsell, chairman/CEO of the Washington, DC-based hotel REIT: “This disposition is consistent with our continuing strategy of selling non-core assets from our portfolio of hotels.” Proceeds of the sale will reportedly be used primarily to pay down debt.
Previous ArticleArlington Settles With Holtz, Appoints Interim CEO
Next Article Signature Puts Name On Wisconsin Dells Parcel