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Barcelo Crestline Acquires 17 Hotels for $200M+

Barcelo Acquires Large Portion of Tidewater Hotels & Resorts
By Ahmed E. L. Bush
June 11, 2008 | 1:24 P.M.

Barcelo Crestline Corporation of McLean, VA acquired Tidewater Hotels & Resorts, Inc. of Virginia Beach for a price in excess of $200 million. The transaction consisted of 17 hotels, spreading from Virginia to North Carolina, with a total of 2,400 rooms.

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