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Investor Purchases Colony Inn Hotel for $6.8M

Hotel Renovation to Add 40 New Rooms & Restaurant
By Angela Lowry
January 3, 2007 | 5:16 P.M.

An investment group called Hospitality 3 LLC purchased The Colony Inn Hotel, at 1157 Chapel St. in New Haven, CT, from The Colony Inn for $6.87 million, or approximately $80,000 per room.

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