INLAND AMERICAN TAKES CHARLESTON MARRIOTT IN W.V. FOR $25.5 MILLION

CHARLESTON, W.V. — An affiliated entity of Inland American Real Estate Trust has acquired Charleston Marriott in Charleston. Located at 200 Lee Street East, the property sold for $25.5 million. The hotel offers 347 guestrooms, five suites and 17,500 square feet of meeting space. A subsidiary of Forest City Enterprises sold the hotel, which is located within the 897,000-square-foot Charleston Town Center.