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Fairfield Inn at Times Square Sells for $99.5M

Marriot Hotel Snags $408,000 Per Room
By Teresa Blackmon
April 15, 2009 | 2:14 P.M.

Gehr Development Corp. has acquired The Fairfield Inn at Times Square, a Marriott hotel, from Lam Group for $99.5 million, or about $407,800 per room.

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