FAIRFIELD, NJ— Continuing to divest real estate while keeping franchise rights, Prime Hospitality Corp. has sold its Deerfield Beach (FL) Wellesley Inn hotel to Bijal Hospitality, LLC. The sale price was not disclosed. Over the past three years, Prime has generated over $350 million from hotel sales, including approximately $23 million thus far in 2002. The 79-unit hotel, located at 100 SW 12th Ave., will continue to be operated as a Wellesley Inn under a 20-year franchise agreement. Opened in 1986, the property is less than two miles from area beaches and approximately 18 miles from the Fort Lauderdale International Airport.
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