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Transactions

Published Tuesday, July 01, 2008

Apple REIT 8 Apple REIT 8 paid R.D. Olson Development of Irvine, CA $80 million for Marriott Residence Inns in Burbank and Oceanside, CA. Olson last year completed development of both hotels after buying their respective sites in 2005 and 2006. Cooper Hotels Sonnenblick-Eichner Company arranged $60 million in first-mortgage financing on behalf of Cooper Hotels for a portfolio of seven hotels in Florida, Tennessee and North Carolina. The portfolio covers five Doubletree properties, a Crowne Plaza and a Homewood Suites. The five-year, interest-only loan was provided by a commercial bank. Hampton Marina Hotel Mumford Company represented Hampton ...

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