May 7, 2013
Southern California-based lodging real estate investment trust Sunstone Hotel Investors Inc. said today it has entered into an agreement to buy the 1,053-room Boston Park Plaza Hotel for $250 million.
Sunstone disclosed the purchase in its first-quarter earnings report. The company said it expects the purchase to close during the third quarter of this year. The hotel will remain unbranded and will continue to be managed by Highgate Hotels.
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