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Investcorp JV Pays $24.5M for Sheraton Tucson

Buyers to Renovate 216-Room Hotel Near University of Arizona
By Karen Schutte
December 12, 2007 | 9:06 P.M.

Investcorp's U.S.-based real estate group and Sage Hospitality Resources have jointly acquired the Sheraton Tucson Hotel and Suites from an undisclosed seller for $24.5 million, or $113,425 per room.

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