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The Highland Hospitality Corp. of McLean, VA acquired the Melrose Hotel in Washington, DC for $76 million, or nearly $316,700 per room. It has an average occupancy calculated at 70%. The lodging REIT has opted to use Crestline Hotels & Resorts Inc...Source: http://www.costar.com/News/Article.aspx?id=199EFC0D54F0D83D0781726B512BE27C&ref=1 Home | Apply Now | Articles (c) 2007, Apartment Loan Pros, All Rights Reserved | Privacy Policy
It has an average occupancy calculated at 70%. The lodging REIT has opted to use Crestline Hotels & Resorts Inc...
Source: http://www.costar.com/News/Article.aspx?id=199EFC0D54F0D83D0781726B512BE27C&ref=1
