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Hotel REIT To Pay $143 Million for Le Meridien San Francisco

HEI Hotels Selling 360-Key Property in Financial District
By Laurie Forbes
December 13, 2010 | 6:58 P.M.

Chesapeake Lodging Trust, a hotel real estate investment trust, agreed to purchase Le Meridien San Francisco, a 360-room property in San Francisco, CA, from a subsidiary of HEI Hotels and Resorts for $143 million or $397,222 per door. The deal is set to close by the end of this month.

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