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Richfield JV Pays $10.5M for Sheraton Chapel Hill

Soleil Sells 168-Room Hotel Near Univ. of North Carolina Campus
By Nicole Silverberg
March 30, 2011 | 8:45 P.M.

A partnership between Richfield Hospitality and Shelbourne Falcon Investors acquired the 168-unit Sheraton Chapel Hill at 1 Europa Drive in Chapel Hill, NC, from Soleil Group, Inc. for $10.5 million, or approximately $62,500 per room.

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News | Richfield JV Pays $10.5M for Sheraton Chapel Hill