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Cherry Valley Lodge Auctioned for Nearly $5 Million

Houston Firm Picked Up 200-Room Hospitality Bldg. in Newark
By Chris Furlong
May 4, 2011 | 7:18 P.M.

Sage Hospitality and Wave Development completed the sale of the Cherry Valley Lodge for $4.97 million, or approximately $24,850 per room. Houston-based Developer Allied Hospitality purchased the property at auction.

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