FAIRMONT COPLEY PLAZA HOTEL TRADES FOR $98.5 MILLION

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BOSTON — Felcor Lodging Trust has acquired the Fairmont Copley Plaza hotel in Boston for $98.5 million. The hotel is located on Copley Square in the city's Back Bay neighborhood. It contains 383 guestrooms, 23,000 square feet of meeting space, and a restaurant and bar. The seller, Fairmont Hotels & Resorts, will continue to manage the property. Kevin Mallory of CB Richard Ellis Hotels led the brokerage team that represented the seller.

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