Tenn. developer sells 4 hotels to Canadian REIT

Vancouver, B.C.-based American Hotel Income Properties REIT LP has bought four Marriott-branded hotels from Chattanooga, Tenn., developer 3H Group for $47 million. The buyer plans upgrades in the properties, two of which are in Chattanooga, while the other two are in Florida. Read the Chattanooga Times Free Press story here

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