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Red Roof Inn Closes with Double Escrow

Phoenix Investor Flips Hotel for Quick Profit
By Dorothy Spatafore
June 9, 2006 | 1:26 P.M.

As part of a double escrow transaction Seventh Camel Inc., care of Andrew Crosby, purchased the Red Roof Inn at 502 W. Camelback Road in Phoenix for $5.92 million, or about $65 per square foot.

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News | Red Roof Inn Closes with Double Escrow