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W.P. Carey REIT Acquires Raleigh Marriott City Center for $83M

Non-Traded Investment Trust Will Invest $6M In Capital Improvements
CoStar News
August 15, 2013 | 12:18 AM

Carey Watermark Investors Inc. (CWI) has acquired Raleigh Marriott City Center, a 400-room full-service hotel that opened in downtown Raleigh, NC, in 2008 along with the opening of the 500,000-square foot-Raleigh Convention Center.

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