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CNL Hotels to Sell 32-Property Portfolio for $405M

Goldman Sachs' Whitehall Street Fund Strikes Deal for 4,579-Room Portfolio
By Jillian Ambroz
December 14, 2006 | 9:49 P.M.

CNL Hotels & Resorts Inc. agreed to sell a portfolio of 32 hotels totaling 4,579 rooms to a Goldman Sachs-sponsored fund, Whitehall Street Global Real Estate Limited Partnership 2005, for $405 million.

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