Inland American Buys CA Hotel For $72M

A unit of Inland American Real Estate Trust has bought the Napa Valley Marriott Hoteland Spa in California for about $72 million. The property was bought from Lighthouse Lodging Group and Privet Investments.

Lighthouse Lodging will continue to manage the hotel. Lighthouse, a California hotel manager, and Privet, a New York investor, acquired the hotel for $36 million in 2009, adds Commercial Real Estate Direct.

Click here for the release from PR Newswire.

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