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Inland American Buys CA Hotel For $72M
A unit of Inland American Real Estate Trust has bought the Napa Valley Marriott Hotel and Spa in California for about $72 million.
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.
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