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Monarch Hotel Sells for $145M

Toronto-based REIT Acquires West End Property
By Edwin Gotico
October 21, 2002 | 1:24 P.M.

Legacy Hotels Real Estate Investment Trust of Toronto agreed to acquire the Monarch Hotel at 2401 M St. NW, for a purchase price of approximately $145 million plus closing costs or about $349,400 per room.

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